London’s FTSE 100 saw a 0.89% increase on Wednesday, closing at 7,486.91 points, propelled by positive inflation data from the UK.
Interest rate-sensitive segments, including housebuilding, property investment and wealth managers gained, with St James’s Place up 6.5%, and Crest Nicholson and British Land up by 0.7% and 1.1%, respectively. Banking stocks also showed positive movements, with NatWest and Lloyds gaining 1.8% and 2.0%.
Consumer credit checking company Experian, soared 7.5% as first-half earnings beat expectations.
Tesco and Diageo were the day’s biggest fallers, both slipping by a modest 1.83%.
In the FTSE 250, Genuit Group was the biggest riser, recording a 7.5% increase. Following the announcement from the manufacturer of plumbing, heating, and ventilation products, the company stated that the full-year adjusted operating profit is anticipated to marginally exceed current forecasts.
In the FTSE All-Share, pub and hotel chain Fuller, Smith & Turner announced a 39% increase in pretax profit to £14.9 million for the six months ending September 30. The company’s revenue rose by 12% to £188.8 million, leading to a 12% rally in its shares. Responding to positive results, Fuller, Smith & Turner increased its interim dividend per share by 42% to 6.63 pence and announced a new share buyback.