Archive · Business Recorder
UK stocks close higher as weaker sterling boosts export-heavy sectors
UK stocks ended higher on Wednesday, supported by a rise in healthcare and consumer staples sectors, which gained on a weaker sterling after data showed US inflation came in hotter than expected. The blue-chip FTSE 100 index closed up 0.7% at 10,724.86 points, while the midcap FTSE 250 edged up 0.1%. Stronger-than-expected US inflation reading supported the dollar, lifting risk appetite for sectors benefiting heavily from export revenues. Pharma companies AstraZeneca and GSK rose more than 3.4% each. Consumer goods firm Unilever rose 2.5%, while luxury retailer Burberry climbed 3.5%, among the...
ZAZTEK archives the headline, summary and publication date so the story stays findable. The full article remains the publisher's. Read it at Business Recorder →