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Weaker pound, commodity stocks lift FTSE 100 ahead of services activity data

Published 04/07/2021, 03:23 PM
Updated 04/07/2021, 03:30 PM
© 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 0.6%, FTSE 250 adds 0.5%

April 7 (Reuters) - London's FTSE 100 climbed on Wednesday
as heavyweight commodity stocks gained and a weaker pound lifted
exporters, while investors awaited final March service sector
activity data later in the day.
The blue-chip index .FTSE rose 0.6%, with shares of large
dollar-earning consumer staples companies including Unilever
ULVR.L , Diageo Plc DGE.L and British American Tobacco
BATS.L gaining between 0.3% and 1.4% on a softer pound. GBP=
Energy Group BP Plc BP.L and Royal Dutch Shell Plc
RDSa.L rose 1.8% and 0.8% respectively, while miners Rio Tinto
RIO.L , BHP BHPB.L and Glencore Plc GLEN.L added more than
1% each on higher crude and metal prices. O/R MET/L
The domestically focussed mid-cap FTSE 250 index .FTMC
advanced 0.5%, with Hilton Food Group HFG.L jumping 2.1% after
it reported an annual adjusted operating profit of 67 million
pounds and proposed a final dividend of 19 pence per share.
AstraZeneca (NASDAQ:AZN) Plc AZN.L fell 0.8% after the University of
Oxford paused a small UK trial testing the drugmaker's COVID-19
vaccine in children and teenagers, as it waits for more data on
rare blood clotting issues in adults who received the shot.

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