Category Market News

FTSE Close: UK stocks end higher as UK inflation drops

Broad-based increases, notably in interest-sensitive sectors like housebuilding and banking, contribute to the positive trend.
Mark Rogers

Mark Rogers

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.

Don't Miss Out

Stay ahead with our latest news and analysis. Get the latest content directly to your inbox in one easy step.

Compare Investing Platforms


Winner of #1 Investor Community award by StockBrokers. Your capital is at risk.

Learn More
AJ Bell

Buy from 2000+ Funds & Shares in a low-cost tax-free ISA. Capital At Risk

Learn More