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U.K. Stocks Modestly Increase


The U.K. stocks experienced a modest increase on Tuesday, with the FTSE 100 Index UKX finishing up 0.11% at 7,461.46.

Top Gainers

Food retail company Ocado Group PLC OCDO saw the largest boost in shares, climbing 5.13% among FTSE 100 constituents.

Wireless telecommunication services firm Vodafone Group PLC VOD and passenger airlines company International Consolidated Airlines Group S.A. IAG also saw an increase of 3.70% and 2.61% respectively.

Major international banks company Standard Chartered PLC STAN and home goods retail business Kingfisher PLC KGF rounded out the top five gainers with a respective increase of 1.98% and 1.95%.

Top Losers

Meanwhile, wired telecommunication services company BT Group PLC BT.A saw the largest decrease among the same group, with shares dropping 3.64% on Tuesday.

Clothing retail firm JD Sports Fashion PLC JD and chemicals company Croda International PLC CRDA saw their shares decrease by 2.73% and 2.22%, respectively.

Pharmaceuticals company Hikma Pharmaceuticals PLC HIK and residential building construction business Persimmon PLC PSN also saw a drop in their share prices, shedding 1.82% and 1.60%, respectively.

Market Update

The pound was up 0.30% against dollar GBPUSD at $1.2752 but was down 0.21% against the euro GBPEUR at €1.1630.

Brent crude BRN00 declined by 1.5% to $73.25, while the yield on the 10-year gilt TMBMKGB-10Y, 4.378% rose by 7.460 basis points to 4.378%.

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