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UK shares climb higher; Ferguson advances

Published 10/01/2019, 03:21 PM
Updated 10/01/2019, 03:30 PM
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.
O/R

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