AstraZeneca, Smurfit Kappa boost FTSE 100 higher

  • Reuters
  • Stock Market News
AstraZeneca, Smurfit Kappa boost FTSE 100 higher
Credit: © Reuters.

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* FTSE 100 up 0.4%, FTSE 250 adds 0.3%

April 30 (Reuters) - London's FTSE 100 edged higher on Friday, boosted by earnings updates from AstraZeneca and Smurfit Kappa, while optimism around a speedy recovery from pandemic-led crash set the blue-chip index for its biggest monthly gain since November 2020.

The FTSE 100 index .FTSE rose 0.4%, with AstraZeneca AZN.L gaining 2.6% after it forecast higher sales in the second half of the year. shares of Europe's largest paper packaging producer Smurfit Kappa Group SKG.L jumped 2.7% after it posted 6% increase in first-quarter revenue on strong packaging demand. index was further supported by tobacco makers British American Tobacco BATS.L and Imperial Brands IMB.L which rose after their peer Swedish Match SWMA.ST reported upbeat quarterly profit. domestically focused midcap FTSE 250 index .FTMC advanced 0.3%. Both the indexes have gained nearly 4% each in April and are tracking their third consecutive monthly gain so far this year.

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