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* FTSE 100 up 0.9%, FTSE 250 up 0.1%
* Precious metal miners and energy lift FTSE 100
* Segro ( SEGXF ) topped the FTSE 100 after Prologis takeover proposal
* J D Wetherspoon ( JDWPF ) warned annual profit may miss expectations
By Tharuniyaa Lakshmi
March 19 (Reuters) - London's FTSE 100 edged up on
Wednesday, supported by gains in precious metal miners and
energy shares, while investors monitored escalating tensions in
the Middle East.
The blue-chip FTSE 100 index rose 0.9% to 10,684.33
points by 1010 GMT, while the midcap FTSE 250 climbed
0.1%.
* The precious metal mining stocks jumped
2.8% to lead sectoral gains, with technical buying and
safe-haven demand ahead of next week's U.S. Federal Reserve
meeting pushing gold prices to a two-week high.
* Energy gained 1.4% after oil prices rose to
near six-week highs on mounting concerns that escalating
U.S.-Iran hostilities and threats by Yemen's the Iran-backed
Houthi militia will disrupt key supply routes.
* British inflation cooled more than expected last month as
a U.S.-Iran de-escalation reduced fuel prices, but the relief is
likely temporary for new Prime Minister Andy Burnham, who seeks
to ease living costs.
* "The economy feels sick and with stock prices high it
won't take much to tip the balance... We have to hope that the
new Chancellor has come in with a plan. He has some breathing
space, but to keep investors from cashing out and leaving the
Chancellor with even less room to manoeuvre, this will need to
be credible and implemented fast," said Nick Saunders, CEO of
online investment platform Webull UK.
* Among stocks, Segro ( SEGXF ) jumps 4.6% to the top of the
FTSE 100 after Prologis' submits final takeover proposal for the
Britain's warehouse landlord.
* J D Wetherspoon ( JDWPF ) fell 7.5% after the British pub
chain warned that annual earnings would likely miss expectations
due to weaker sales and rising costs.
(Reporting by Tharuniyaa Lakshmi in Bengaluru; Editing by
Joyjeet Das)