The U.K. stock market ended higher on Tuesday, with the FTSE 100 Index rising by 0.12% to reach 7,282.52.
Among the constituents of the FTSE 100, British Land Co. PLC, a diversified reits company, experienced the largest increase as its shares rallied by 3.83%. Land Securities Group PLC, a diversified reits firm, and JD Sports Fashion PLC, a clothing retail company, also saw gains of 2.72% and 2.45% respectively.
Other Notable Performances
ITV PLC, a broadcasting company, and Associated British Foods PLC, a food products company, rounded out the top five gainers with their stocks climbing by 2.12% and 1.99% respectively.
On the other hand, Hikma Pharmaceuticals PLC, a pharmaceuticals company, experienced the largest decrease among the FTSE 100 constituents as its shares declined by 1.97% on Tuesday. Rentokil Initial PLC, a diversified business services firm, and Rolls-Royce Holdings PLC, an aerospace products/parts company, also saw declines of 1.67% and 1.52% respectively.
Pound and Commodity Update
The pound showed a positive performance against both the dollar and the euro, gaining 0.31% against the dollar at $1.2900 and 0.39% against the euro at €1.1733.
Brent crude climbed by 2.0% to reach $79.25, while the yield on the 10-year gilt increased by 2.640 basis points to 4.668%.