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FTSE 100 rises on boost from miners, banks; Croda shines

Published 05/05/2021, 03:19 PM
Updated 05/05/2021, 03:20 PM
© Reuters.

(For a Reuters live blog on U.S., UK and European stock
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* FTSE 100 up 0.6%, FTSE 250 adds 0.3%

May 5 (Reuters) - London's FTSE 100 climbed on Wednesday,
supported by gains in heavyweight mining and banking stocks,
while shares of Croda International jumped to the top of the
index on announcing business review assessment.
The blue-chip index .FTSE rose 0.6%, with the speciality
chemicals group's shares CRDA.L gaining 2.2% after it
announced a strategic review of two businesses that cater more
to industrial customers as it shifts focus to consumer-care and
life-sciences sectors. Miners .FTNMX551020 provided the biggest boost to the
index tracking higher metal prices. Anglo American AAL.L
gained 2.3%, after Citigroup raised its price target. MET/L
The domestically focused mid-cap FTSE 250 index .FTMC
advanced 0.3%.
Lloyd's of London insurer Hiscox HSX.L rose 2.5% as it
recorded a 6.3% rise in gross written premiums in the first
quarter and said paying a dividend in 2021 was a priority,
helped by strong growth in the firm's London market and Europe
divisions.

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