BP Stock- Weaker pound, commodity stocks lift FTSE 100 ahead of services activity data
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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 rose 0.6%, with shares of large dollar-earning consumer staples companies including Unilever , Diageo Plc and British American Tobacco gaining between 0.3% and 1.4% on a softer pound.
Energy Group BP Plc and Royal Dutch Shell Plc rose 1.8% and 0.8% respectively, while miners Rio Tinto , BHP and Glencore Plc added more than 1% each on higher crude and metal prices.
The domestically focussed mid-cap FTSE 250 index advanced 0.5%, with Hilton Food Group 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 Plc 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. (Reporting by Devik Jain in Bengaluru; Editing by Subhranshu Sahu)