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* Rolls-Royce jumps after annual outlook raise
* Rentokil slumps after flagging weakness in North American
business
* Bank of England expected to hold interest rates
July 30 (Reuters) - London's FTSE 100 hit another intraday
record high on Thursday, lifted by miners and industrial stocks,
as investors assessed escalating tensions in the Middle East
ahead of the Bank of England's monetary policy decision.
The blue-chip FTSE 100 index rose 0.4% to an
all-time peak of 10,950.32 points by 0943 GMT, while the midcap
FTSE 250 climbed 0.4%.
* Precious and industrial metal miners
gained 1.5% and 1.9%, respectively, tracking
gains in copper prices, and steady prices of bullion.
* Aerospace and defence firms were the top
sectoral gainers, up 3.6%, on a 5.6% boost from Rolls-Royce
after the engineering company raised its full-year outlook far
beyond market expectations.
* Paper and packaging firm Mondi ( MNODF ) surged 15.2%, on
track for its sharpest one-day jump since March 2009 after its
first-half results which powered the FTSE 350 General
Industrials sector to its highest level since
March 2025.
* On the flip side, industrial support services
slipped 2.5%, weighed down by a 17.3% slump in
Rentokil, set for its biggest one-day loss since
September 2024 after the pest control firm flagged weakness in
its North America business.
* Energy stocks gained 0.4% as Brent crude
topped $90 a barrel after the U.S. military struck dozens of
targets in Iran.
* A divided U.S. Federal Reserve left interest rates
unchanged on Wednesday even as chief Kevin Warsh pledged an
unwavering commitment to bring inflation down, a message that
left markets confused about just what he was prepared to do.
* Later on, the Bank of England will release its monetary
policy statement, with markets widely expecting the central bank
to hold interest rates steady.
* Markets are pricing in a 25-basis-point rate hike and
about a 50% chance of a second similar increase by the end of
2026, according to LSEG-compiled data.
(Reporting by Purvi Agarwal in Bengaluru; Editing by Devika
Syamnath)