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

Published 05/04/2021, 03:28 PM
Updated 05/04/2021, 03:30 PM
© Reuters.
UK100
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BP
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RDSa
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FTMC
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FTNMX405010
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ICAG
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FTNMX551020
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FTUB3510
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(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. The domestically focussed mid-cap FTSE 250 index .FTMC
also advanced 0.5%.

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