(Updates after market close)
June 30 (Reuters) - The UK's blue-chip FTSE 100 inched
higher on Tuesday, led by gains in defence and financial stocks,
notching gains for a sixth consecutive quarter as optimism
surrounding a ceasefire in the Middle East lifted sentiment.
The internationally focused FTSE 100 index rose
0.1%, while the midcap FTSE 250 was flat. The blue-chip
index gained in 11 of the last 12 months, with March being the
only exception, as global markets roiled after the U.S. and
Israel launched a war on Iran.
* The FTSE 250 posted its biggest quarterly rise in five
quarters but a monthly loss as politics took centre stage after
Keir Starmer resigned as prime minister.
* Banks added 0.8% and were up 20% for the
quarter. Lloyds and Natwest ( NWG ) gained 2.1% and
1.6%, respectively.
* Aerospace and defence stocks rose 2.1%
after Starmer unveiled an extra £15 billion ($20 billion) to
modernise Britain's depleted armed forces. Rolls-Royce,
BAE Systems, Melrose Industries and Babcock
were up between 2% and 3.3%.
* Industrial metal miners rose 1%, tracking
metal prices, while precious metal miners lost
1.5%.
* Economic data showed that Britain's economy grew 0.6% in
the first quarter, but households felt a squeeze before the
price pressures of the Middle East conflict.
* A Lloyds survey showed that UK businesses' confidence
about the economic outlook fell this month as cost pressures and
global uncertainty continued to hurt.
* The UK's biggest housebuilders are facing a potential
multi-billion-pound class action lawsuit over alleged
anti-competitive conduct, according to a consumer claim. The
home construction index lagged on the FTSE 100
with a 1.6% decline, while Persimmon, Barratt Redrow ( BTDPF )
and Taylor Wimpey fell between 1% and 3%.
* Among individual movers, supermarket group Sainsbury's ( JSNSF )
rose 1.3% after first-quarter results but said it
expects the Middle East conflict to add to food inflation.
* British holiday and insurance group Saga shares
gained 6.7% after first-half cruise bookings topped
expectations.
* The UK car lobby group warned electric vehicle makers will
have to pay £1.4 billion ($1.85 billion) in tariffs if there is
no solution on local content requirements with the European
Union. The automobiles index shed 2.3%.