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UK stocks edge higher as miners, Burberry shine

Published 20/01/2021, 09:18
© Reuters.
UK100
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RIO
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AAL
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BRBY
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BHPB
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SMWH
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FTMC
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GLEN
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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 0.1%, FTSE 250 adds 0.4%

Jan 20 (Reuters) - UK stocks inched higher on Wednesday as
miners gained after a strong production forecast from BHP Group,
while luxury brand Burberry jumped on its optimistic outlook for
sales growth in Asia.
BHP Group Ltd BHPB.L gained 1.5% after it forecast record
iron ore production for fiscal 2021, helped by high prices for
the commodity. Other miners Rio Tinto RIO.L , Anglo American
AAL.L and Glencore GLEN.L rose between 1% and 1.5%.
Burberry BRBY.L jumped 3.5% as underlying sales fell 9% in
the three months ended December, but the company said it
remained confident in the future, buoyed by sales growth of 11%
in Asia-Pacific stores. The blue-chip FTSE 100 index .FTSE was up 0.1% by 0807 GMT
after Asian shares hit a record high following U.S. Treasury
Secretary nominee Janet Yellen's call for more fiscal support.
MKTS/GLOB
Prime Minister Boris Johnson said he looked forward to
working closely with Joe Biden after his inauguration on
Wednesday as U.S. president, highlighting the shared interests
of the two close allies. The domestically focussed FTSE 250 index .FTMC added 0.4%,
with WH Smith Plc SMWH.L adding 2.9% as trading during
Christmas was ahead of its expectations.

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