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Royal Mail, Restaurant Group pull FTSE 250 higher

* FTSE 100 up 0.1%, FTSE 250 adds 0.4%

May 25 (Reuters) - London’s FTSE 250 index rose on Tuesday, helped by gains in Restaurant Group and Royal Mail, while a jump in Aveva Group kept the FTSE 100 index afloat.

The domestically focussed mid-cap FTSE 250 index advanced 0.4%. Restaurant Group jumped 3% after the Frankie & Benny’s owner said sales were recovering nicely as Britons stepped out to dine after the lifting of lockdowns.

Royal Mail climbed 4.3% after Peel Hunt upgraded the stock to “buy” from “hold”.

The blue-chip FTSE 100 index rose 0.1%, with industrial software company Aveva adding 4.3% after saying the business environment had improved in most of its major markets, giving it confidence about the year ahead.

However, gains on the index were limited as a stronger pound weighed on large dollar-earning consumer staple companies including British American Tobacco, Diageo and Imperial Brands. (Reporting by Devik Jain in Bengaluru; Editing by Subhranshu Sahu)

Source: Reuters


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