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FTSE 100 rises on miners, industrials boost; Rentokil Initial slumps

Published 22/04/2021, 08:22
© Reuters.
UK100
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BATS
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ULVR
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MRON
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RTO
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FTMC
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FTNMX601010
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(For a Reuters live blog on U.S., UK and European stock
markets, click LIVE/ or type LIVE/ in a news window)
* FTSE 100 up 0.2%, FTSE 250 adds 0.6%

April 22 (Reuters) - London's FTSE 100 edged higher on
Thursday, boosted by mining and industrials stocks, although the
gains were capped by a fall in heavyweight energy stocks and a
stronger pound.
The blue-chip index .FTSE rose 0.2%, with engineer Melrose
Industries MRON.L jumping 2.5 to the top of index after Peel
Hunt raised its price target on the stock.
However, large dollar-earning companies, including Unilever
ULVR.L and British American Tobacco BATS.L , slipped on a
slightly stronger pound. Oil and gas stocks .FTNMX601010 fell
0.5%, tracking lower crude prices. GBP= O/R
The domestically focussed mid-cap FTSE 250 index .FTMC
added 0.6%.
Rentokil Initial RTO.L declined 3.2% after saying demand
for its disinfection services, which helped first-quarter sales
grow, is expected to unwind in the year.

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