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FTSE 100 up 0.1%, FTSE 250 up 1.3%

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Trump's Greenland decision eases trade war fears

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Computacenter ( CUUCF ) up on upbeat profit forecast

Jan 22 (Reuters) - UK shares closed higher on ‌Thursday

after U.S. President Donald Trump softened his stance on

Greenland, while optimism surrounding a potential Ukraine peace

deal ​further lifted sentiment.

The domestically-focussed midcap FTSE 250 was up

1.3%, snapping back ‍to a four-year high after escalating

geopolitical concerns pressured ⁠the index earlier this ⁠week.

UK's blue-chip FTSE 100 closed up 0.1%.

Media stocks rose 1.9%, helped by a 5.8% rise

in ‌Future after the publishing firm announced ​that it

would acquire Sheerluxe.

Shares of Ukraine-exposed companies

jumped

with airline Wizz Air ( WZZAF ) climbing 9% and miner

Ferrexpo ( FEEXF ) up 13.3% after Ukrainian President ⁠Volodymyr

Zelenskiy said Ukrainian and Russian teams ‍will have ​their first

trilateral meeting with U.S. officials.

The earnings season continued to gather momentum.

Computacenter ( CUUCF ) shares were up 10% after the technology

firm provided an ‍upbeat profit forecast.

Senior climbed 8.7% after the engineering firm

raised its annual profit forecast for the second time in two

months, while AJ Bell rose 3.7% after the investment

platform reported a 27.7% rise in first-quarter gross inflows

for its platform business.

Heavyweight energy shares were down as

crude oil prices fell.

Shares ​of ‍precious metal miners also

offered support to the UK indexes as

gold prices climbed

on safe-haven demand.

Diplomats said EU leaders will

rethink ties

with the U.S. ​at an emergency summit on Thursday after

Donald Trump's threat of tariffs and even military action to

acquire Greenland badly shook confidence in the transatlantic

relationship and rattled global markets this week.

Trump on Wednesday stepped back from imposing tariffs on

U.S.-bound exports from eight European countries and ruled out

using force to take Greenland, a semi-autonomous territory ​of

NATO ally Denmark, causing global markets to rally.

Meanwhile domestic data showed Britain's government

borrowed less than expected in December, something that may give

Finance Minister Rachel Reeves reasons for optimism in ‍2026.