London shares ended higher on Wednesday, lifted by strong PMI data and Chinese bank capital relief measures which boosted commodity stocks.
The FTSE 100 closed up 0.6% at 7,527.67. The FTSE 250 rose 0.9% to 19,171.68, while the AIM All-Share added 0.8% to finish at 744.85.
Miners were among the top gainers, with Antofagasta jumping 5.5%, Anglo American climbing 4.0%, and Fresnillo rising 4.7% after meeting production guidance. Rio Tinto added 1.6%. Rio agreed to purchase renewable power from Upper Calliope solar farm for its Gladstone operations.
EasyJet jumped 3.2% despite a £40 million hit from the Israel-Hamas conflict. The carrier narrowed first-quarter losses on a 14% passenger increase.
Asset manager abrdn advanced 2.3% as it outlined plans to cut costs by £150 million annually. This includes slashing 500 jobs across the business.
Revolution Bars plummeted 22% as the bar operator said its recovery will take longer than forecast amid pressure on younger consumers from the UK’s cost-of-living crisis.
FTSE All Share Risers
Diversified Energy: 11.54% Tullow Oil: 10.73% Hochschild: 7.55% AJ Bell: 5.99% Pensionbee: 5.4% Antofagasta: 5.32% PureTech: 5.26% Centamin PLC: 5.16% International Distributions Services: 5.08% Trustpilot: 5%
FTSE All Share Fallers
Ceres Power: -15.1% Senior: -6.67% Funding Circle: -4.15% S & U: -4.11% Capital & Regional: -3.57% Augmentum Fint.: -3.5% Close Bros: -2.99% Videndum Plc: -2.98% Henry Boot: -2.89% Foxtons: -2.77%
