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June 30 (Reuters) - UK's blue-chip FTSE 100 inched higher on
Tuesday, led by gains in industrial mining and financial shares,
and was set to end the sixth consecutive quarter higher as
optimism surrounding a ceasefire in the Middle East lifted
sentiment.
The internationally focussed FTSE 100 index rose
0.5% by 0904 GMT, while the midcap FTSE 250 was up 0.1%.
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 domestically focussed FTSE 250 was on track for a
quarterly rise but a monthly loss as politics took centre stage
after Keir Starmer resigned from his position as Prime Minister.
* Banks added 1.2% and were up over 20% for
the quarter. Lloyds and Natwest ( NWG ) gained 1.8% and
2.4%, respectively.
* Industrial metal miners rose 2.1%, tracking
metal prices, with Rio Tinto, Anglo American and
Glencore ( GLCNF ) up between 1.7% and 2.8%.
* 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.
* 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 2.8% decline, while Persimmon, Barratt Redrow ( BTDPF )
and Taylor Wimpey fell between 2.4% and 3.3%.
* Among individual movers, supermarket group Sainsbury's ( JSNSF )
rose 2.1% after first-quarter results but said it
expects the Middle East conflict to add to food inflation.
* British holiday and insurance group Saga shares
fell 3% and were the top loser on the midcap index after
first-half results.
* BRC data showed annual shop price inflation remained
unchanged in June, with food inflation losing steam and
consumers taking advantage of summer deals.
(Reporting by Twesha Dikshit; Editing by Shinjini Ganguli)