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FTSE 100 up 0.3%, FTSE 250 flat
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AB Foods slumps on weak Primark sales outlook
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Haleon ( HLN ) rises after GS upgrade
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Vistry slips on H1 profit drop
Sept 10 (Reuters) - Britain's blue-chip index edged up
on Wednesday, supported by heavyweight bank and healthcare
stocks, while investors assessed a slew of corporate earnings.
The blue-chip FTSE 100 was up 0.3% by 1005 GMT,
while the domestically focussed mid-cap index was flat.
Healthcare stocks added 0.6%, boosted by
consumer healthcare company Haleon's ( HLN ) 2.9% rise, after
Goldman Sachs upgraded the company's rating to "buy" from
"neutral."
Heavyweight bank stocks advanced 0.7%, with
HSBC ( HSBC ) up 1.1%.
Aerospace and defence company BAE Systems
added 1.9%, while Chemring Group ( CMGMF ) rose 1.5%.
Conversely, energy stocks fell 0.4%.
Heavyweights Shell and BP were down.
Travel and leisure stocks declined, with
British Airways owner IAG down 3.4%, Wizz Air ( WZZAF )
falling 3.5% and EasyJet ( EJTTF ) down 1.9%.
The homebuilders' index lost 1.1%, dragged by
Vistry falling 4.6% to the bottom of the mid-cap index,
after reporting a 33.2% drop in adjusted pre-tax profit for the
first half of 2025.
Retail stocks JD Sports Fashion and
Next fell about 1.4% each.
Among other stocks, Associated British Foods ( ASBFF ) dropped
10.6% to the bottom of the FTSE 100, after saying underlying
sales at its Primark clothing business are expected to be down
around 2% in its second half.
Services provider DCC gained 4.8%, to top the
benchmark index, on plans for shareholder returns post
healthcare unit sale.
Anglo American advanced 2.7%, a day after gaining
9.1% on a $53 billion merger deal with Canada's Teck Resources ( TECK )
. Berenberg upgraded the miner's rating to "hold" from
"sell".
Burberry ( BBRYF ) advanced 1.8%, a day after falling 8.3% on
cautious comments at a luxury conference.
Software company Sage rose, climbing 1.4%, along
with some European peers after Oracle projected over
half a trillion dollars in booked cloud orders.
Serica Energy ( SQZZF ) dropped 13.5% after cutting its 2025
production outlook.