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FTSE 100 up 0.4%, FTSE 250 up 0.4%
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Informa ( IFPJF ) rises on revising 2025 revenue growth forecast
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J D Wetherspoon ( JDWPF ) up after reporting a rise in sales
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Hochschild up on stronger-than-expected quarterly silver
output
(Updates with market closing prices)
July 23 (Reuters) - Britain's FTSE 100 rose on Wednesday
to a record close for a third straight session, helped by
positive corporate updates, while a U.S.-Japan trade deal also
boosted global sentiment.
The benchmark FTSE 100 closed up 0.4% at 9,061.49
points. The domestically oriented midcap FTSE 250 also
gained 0.4%.
U.S. President Donald Trump struck a trade deal with Japan,
lowering tariffs on auto imports and sparing Tokyo from
punishing new levies on other goods in exchange for a $550
billion package of U.S.-bound investment and loans.
The UK's automobiles and parts index rose
2.5%, tracking strength in Asian rivals. Aston Martin
and Dowlais Group ( DWLAF ) gained 8.1% and 1.2%, respectively.
Healthcare stocks rose 2.5%, with AstraZeneca ( AZN )
and GSK gaining 3.1% and 1.8% respectively.
Medical equipment and services rose 1.5%,
with a boost from Smith+Nephew, up 1.8%.
Media stocks advanced 2.2%, boosted by
Informa's ( IFPJF ) 4.9% rise after the events and academic
publishing group raised its annual underlying revenue growth
forecast.
Conversely, construction and materials stocks
lost 1.5%, with Breedon Group ( BRDNF ) down 7.5%, after the
company forecast annual results at the low end of market
expectations.
In company news, Alpha Group hit a record high and
was last up 25.6% after U.S. payments firm Corpay ( CPAY ) said
it would buy the financial services provider in a $2.2 billion
(1.6 billion pounds) cash deal.
Hochschild Mining rose 7.6% on
stronger-than-expected quarterly silver output.
J D Wetherspoon ( JDWPF ) gained 1.9% after the pub group
reported a rise in sales in recent weeks since May.
British stocks have rallied this year, pushing the FTSE 100
to all-time highs in recent weeks, as hopes of interest rate
cuts, optimism over the UK-U.S. trade deal and a surge in
commodity prices lifted sentiment.
Traders are currently pricing in an 89% chance of a 25 basis
point BoE cut next month, according to data compiled by LSEG.
This week, attention is on the UK flash Purchasing Managers'
Index for July, due on Thursday, and retail sales data for June
on Friday.
Meanwhile, India and Britain will sign a free trade
agreement on Thursday during Indian Prime Minister Narendra
Modi's visit to Britain, officials said.