Commodity, travel stocks lead British shares higher ahead of factory activity data

  • Reuters
  • Stock Market News
Commodity, travel stocks lead British shares higher ahead of factory activity data
Credit: © Reuters.

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)

* FTSE 100 up 0.8%, FTSE 250 adds 0.5%

May 4 (Reuters) - British shares climbed on Tuesday, boosted by commodity and travel and leisure stocks, while investors awaited a reading on factory activity data for April later in the day to gauge the pace of British economic recovery.

The blue-chip FTSE 100 index .FTSE rose 0.8%, with heavyweight oil majors BP BP.L and Royal Dutch Shell RDSa.L gaining 1.6% and 2.1%, respectively, and providing the biggest boost.

The wider mining sub index .FTNMX551020 added 1.6%, tracking higher metal prices. MET/L

Real estate stocks .FTUB3510 gained, while travel and leisure stocks .FTNMX405010 jumped. British Airways owner IAG ICAG.L surged 3.6% to the top of FTSE 100 index after Prime Minster Boris Johnson on Monday said Britain is on course to ditch the COVID-19 social distancing rule in June. domestically focussed mid-cap FTSE 250 index .FTMC also advanced 0.5%.

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

100

Related Articles