UK Stocks End on Strong Note
The FTSE 100 index rose by 0.6% on Tuesday, closing at 8,329, its highest point since early April, and outperforming other European markets. Leading the charge were Bunzl, Experian, and Vodafone Group, with robust performances also recorded by retailers JD Sports, Sainsbury's, and Tesco. Additionally, mining companies saw significant gains. Conversely, DCC emerged as the largest decliner, falling by 4.5% following the sale of its healthcare division to HealthCo Investment for £1.05 billion. Rentokil, with substantial exposure to the US market, faced pressure as did Ashtead, along with investment trusts with a strong US focus. In other developments, Bank of England policymaker Megan Greene commented that US tariffs pose "more of a disinflationary risk than an inflationary one" for the UK, potentially leading to more affordable goods from Asia and Europe.
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