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FTSE 100 rises on mining, oil boost; Tesco drops in ex-dividend trading
Published at 14/10/2021 at 08:27

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)

* FTSE 100 up 0.7%, FTSE 250 adds 0.6%

Oct 14 (Reuters) - London's FTSE 100 rose to a two-month high on Thursday, boosted by heavyweight oil and mining stocks, while retailer Tesco was the top drag as its shares traded ex-dividend.

The blue-chip FTSE 100 index climbed 0.7% to 7,187.6 by 0710 GMT, with miners Rio Tinto and Glencore among the top performers.

Oil majors BP and Royal Dutch Shell gained 1.3% and 1.4% respectively, while miners advanced 2.4% on upbeat commodity prices.

Markets await appearances from Bank of England policymakers on Thursday and expect the central bank to start raising its interest rate from a record-low 0.1% before the end of the year.

The domestically focussed mid-cap index advanced 0.6%, with recruiter Hays Plc among the top gainers. The stock was up 3.5% after the company reported a jump in its quarterly net fees.

Dunelm Group plc gained 3.8% after it reported a strong rise in sales despite an uncertain outlook for the coming year.

Ashmore Group dropped 2% after its assets under management fell by $3.1 billion during the third quarter of 2021 on emerging market woes and institutional outflows.

(Reporting by Bansari Mayur Kamdar; Editing by Subhranshu Sahu)

((BansariMayur.Kamdar@thomsonreuters.com;))

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