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FTSE 100 up 0.1%, FTSE 250 down 0.4%
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Centrica ( CPYYF ) rises after UK greenlights Sizewell C nuclear
plant
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Compass raises profit forecast, buys Vermaat in $1.8 bln
deal
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Greencore ( GNCGF ) surges after annual profit outlook rise
(Recasts with record close, updates prices after market close)
By Sukriti Gupta
July 22 (Reuters) - Britain's blue-chip FTSE 100 index
rose on Tuesday to a record close for a second straight
session, driven once again by gains in the heavyweight mining
sector on the back of strong copper prices.
The FTSE 100 closed up 0.1% at 9,023.81 points, notching up
a record even as the domestically oriented midcap FTSE 250
lost 0.4%.
Data showed Britain borrowed more than expected in June as a
jump in inflation pushed up the government's debt costs.
British finance minister Rachel Reeves said that the country
continued to depend on "the goodwill of strangers" to cover
shortfalls in its public finances and that she would focus on
bringing down the cost of borrowing.
Industrial miners led sectoral gains with a
2.3% rise, tracking copper prices which were buoyed by
hopes for firmer Chinese demand. Glencore ( GLCNF ) rose 3.1%,
Rio Tinto was up 2.2%, and Antofagasta ( ANFGF ) added
1.8%.
By contrast, the aerospace and defence index
led sectoral losses, falling 1.9%.
In company news, food catering firm Compass Group ( CMPGF )
rose 5.4%, after it agreed to buy European premium food services
business Vermaat Groep for about 1.5 billion euros ($1.8
billion), including debt, and also raised its annual profit
forecast.
Energy firm Centrica ( CPYYF ) surged 4.8% after Britain
approved the 38 billion pound ($51 billion) Sizewell C nuclear
plant in eastern England. The company holds a 15% stake in the
project.
Legal & General ( LGGNF ) lost 2.1% after RBC Capital Markets
downgraded the British insurer to "underperform" from "sector
perform".
Greencore ( GNCGF ) jumped 12%, to top the midcap FTSE 250,
after the convenience food manufacturer raised its annual profit
expectations.
Pennon rose 2.5% after J.P.Morgan upgraded the water
company to "overweight" from "neutral". Peers United Utilities
and Severn Trent both added more than 2.2%.
Kier Group ( KIERF ) fell 4.9% after it said that its CEO
Andrew Davies would be stepping down, and named insider Stuart
Togwell as his successor, effective November 1, 2025.