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FTSE 100 Rises on Earnings; Healthcare, Industrials Lead

Nov 12 (Reuters) - Britain's ​FTSE 100 climbed on Thursday, led by gains in ‌healthcare and industrials, as a slew of positive corporate earnings lifted sentiment and investors digested the latest economic growth data.

The blue-chip FTSE 100 index rose ​0.34% to 10,872.62 points by 1131 GMT, while the midcap ​FTSE 250 climbed 0.25%.

  • The aerospace and defence sector gained ⁠1.4% with Rolls-Royce up 2.8% after reaffirming its full-year forecast ​and announcing a £1.5 billion share buyback

  • Healthcare heavyweights AstraZeneca and GSK climbed 0.9% ​and 1.1%, respectively

  • Burberry jumped 9.4% after the luxury brand reported second-quarter sales and profit above estimates

  • Persimmon gained 6.2% after the homebuilder forecast a further increase in housing volumes ​in 2027; broader homebuilder sector climbed 3.9%

  • B&M jumped 18.3% after ​the discount retailer said its annual profit may rise by up to 16%; stock ‌was ⁠the biggest gainer among UK midcaps

  • Offsetting some gains, energy giants Shell and BP inched 0.6% lower each, tracking lower crude oil prices

  • Endeavour Mining slumped 6.3% after the gold miner said it sees full-year ​gold production at ​the lower end ⁠of its outlook

  • Industrial metal miners dipped 0.6%, tracking lower base metal prices, including copper

  • Britain's economy grew ​0.7% in the third quarter, its fastest pace in ​2-1/2 ⁠years, supported by strong services activity and AI-related demand

  • The latest Royal Institution of Chartered Surveyors survey showed its house price balance fell to -36 in ⁠October ​from -34 in September, while agreed sales weakened ​to -24 from -18 and its sales outlook for the next 12 months dropped to -17

Reporting by ​Darshan Kumar and Shashwat Chauhan in Bengaluru; Editing by Vijay Kishore

Source: Reuters


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