Industrials, financials lead UK shares higher; Ashtead Group jumps
(Reuters) – UK shares edged higher on Thursday, lifted by industrials and financial stocks, while Ashtead Group jumped to the top of FTSE 100 index following a strong earnings update.
The blue-chip index rose 0.4%, with drugmaker AstraZeneca’s 0.9% gain providing the biggest boost.
Rental equipment provider Ashtead jumped 3% after forecasting annual results above its earlier expectations.
Aero and defence stocks and life insurers added 1.3% and 0.7%, respectively.
The domestically focused mid-cap FTSE 250 index advanced 0.4%, rebounding from a 1.1% fall in the previous session.
IG Group Holdings Plc jumped 4.9% even after the online trading platform reported a 4% drop in adjusted first-quarter revenue.
Reporting by Devik Jain in Bengaluru; Editing by Saumyadeb Chakrabarty