(For a Reuters live blog on U.S., UK and European stock
markets, click or type LIVE/ in a news window)
*
FTSE 100 up 0.5%, FTSE 250 up 0.3%
*
Informa ( IFPJF ) rises on revising 2025 revenue growth forecast
*
J D Wetherspoon ( JDWPF ) up after reporting a rise in sales
*
Hochschild up on stronger-than-expected quarterly silver
output
By Sukriti Gupta
July 23 (Reuters) - London's main stock indexes hit a
fresh record high on Wednesday, helped by positive corporate
updates, while a U.S.-Japan trade deal also boosted global
sentiment.
The benchmark FTSE 100 was last up 0.5% by 0936 GMT.
The domestically oriented midcap FTSE 250 gained 0.3%.
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
1.7%, tracking strength in Asian rivals. Aston Martin
rose 7.1%.
Media stocks led sectoral gains, up 2.4%,
boosted by Informa's ( IFPJF ) 5.4% rise after the events and
academic publishing group raised its annual underlying revenue
growth forecast.
Healthcare stocks rose 2.2%, with AstraZeneca ( AZN )
extending its yesterday's gain, up 2.7%, following the
announcement of a $50 billion investment to expand U.S.
manufacturing.
Conversely, construction and materials stocks
lost 0.9%, with Breedon Group ( BRDNF ) down 10.8%, after the
company forecast annual results at the low end of market
expectations.
In company news, J D Wetherspoon ( JDWPF ) gained 3% after the
pub group reported a rise in sales in recent weeks since May.
Shares of precious metals company Hochschild Mining
rose 7.1% on stronger-than-expected quarterly silver output.
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-US trade deal and a surge in
commodity prices lifted sentiment.
Traders are currently pricing an 87.9% chance of a
25-basis-point BoE cut next month, as per data compiled by LSEG.
This week, attention is on the UK flash Purchasing Managers'
Index for July and retail sales data for June.
Meanwhile, India and Britain will sign a free trade
agreement on Thursday during Indian Prime Minister Narendra
Modi's UK visit, officials said.