(Reuters) – UK’s export-oriented FTSE 100 edged higher on Monday as a weaker pound offered support, with shares of Informa jumping to the top of the index after an upbeat earnings outlook.
The blue-chip FTSE 100 was up 0.5% by 0807 GMT. The domestically-focused FTSE 250 midcap index rose 0.1% after logging its best week in almost two years.
British events organiser Informa Plc jumped 6.2% after it raised its full-year earnings outlook.
The pound dipped against a steadying dollar after Federal Reserve Governor Christopher Waller said on Sunday that the central bank was not softening its fight against inflation. [FRX/]
British miners gained 1.4%.
Don't miss out on any breaking news or insightful opinions!
Subscribe to our free newsletter and stay updated on the go!
By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email.
Meanwhile, Finance Minister Jeremy Hunt said on Sunday he will set out tax rises and spending cuts ahead of this week budget’s release.
(Reporting by Shashwat Chauhan in Bengaluru; editing by Uttaresh.V)
