Home News U.K. Stocks Rise as FTSE 100 Closes Higher

U.K. Stocks Rise as FTSE 100 Closes Higher


The U.K. stock market experienced gains on Wednesday, with the FTSE 100 Index closing up 1.83% at 7,416.11.

Notable Increases

Among the FTSE 100 constituents, International Distribution Services PLC (IDS) saw the largest increase, with shares rising by 6.78%. This air freight company performed exceptionally well.

Antofagasta PLC (ANTO), a non-ferrous metals firm, and Intermediate Capital Group PLC (ICP), an investment advisors company, also experienced significant gains of 5.57% and 5.22%, respectively.

The top five largest increases were completed by Glencore PLC, a general mining company, and RS Group PLC, a wholesalers company, with their stocks climbing by 4.87% and 4.46% respectively.

Largest Decline

International Consolidated Airlines Group S.A. (IAG), a passenger airlines company, faced the largest decline among the FTSE 100 constituents. Its shares fell by 2.28% on Wednesday.

Other Decreases

Several other companies experienced decreases as well. Bunzl PLC, a wholesalers firm, saw its shares drop by 2.02%. London Stock Exchange Group PLC, a securities company, also faced a decline of 0.22%.

Hikma Pharmaceuticals PLC and Dechra Pharmaceuticals PLC, both pharmaceutical companies, rounded out the top five largest decreases with their stocks declining by 0.19% and 0.11% respectively.

Exchange Rates and Commodities

The pound strengthened against the dollar by 0.46% at $1.2992. However, it weakened against the euro by 0.54% at €1.1681.

Brent crude increased by 0.9% to reach $80.11, while the 10-year gilt yield declined by 16.700 basis points to 4.502%.


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