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UK shares climb higher; Ferguson advances

Published 01/10/2019, 08:21
Updated 01/10/2019, 08:30
© Reuters.  UK shares climb higher; Ferguson advances
UK100
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BP
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SHEL
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FERG
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FTMC
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(For a live blog on European stocks, type LIVE/ in an Eikon

news window)

* FTSE 100 up 0.3%, FTSE 250 rises 0.2%

* Investors hope for resolution to trade war, Brexit chaos

* Ferguson rises after FY results

Oct 1 (Reuters) - London's FTSE 100 edged higher on Tuesday,

starting the quarter on an upbeat note after a rebound in oil

stocks and a rise in plumbing parts distributor Ferguson

following its annual results.

The blue-chip index .FTSE added 0.3% and the FTSE 250

.FTMC gained 0.2% by 0705 GMT, partly helped by hopes that the

final quarter of the year would bring resolution to the

U.S.-China dispute as well as the protracted Brexit process.

The main index was also supported by a 2.2% gain in Ferguson

FERG.L after the company posted a better-than-expected rise in

full-year profit. Oil majors Shell RDSa.L and BP BP.L

bounced back after trading lower in the previous session.

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