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U.K. Stocks Show Positive Gains


The U.K. stock market displayed positive momentum on Thursday, with the FTSE 100 Index finishing up at 7,451.54. Let’s take a closer look at the top gainers and losers among the FTSE 100 constituents:

Top Gainers

  • International Distribution Services PLC (IDS): The air freight company witnessed the largest increase on Thursday, with shares rising by an impressive 7.04%.

  • Imperial Brands PLC (IMB): Shares of this tobacco firm experienced a significant jump of 3.92%.

  • Tesco PLC (TSCO): The food retail company also saw a notable increase of 3.58% in its stock value.

  • International Consolidated Airlines Group S.A. (IAG): As a passenger airlines company, IAG registered a respectable 2.55% rise in its stock price.

  • abrdn PLC (ABDN): This investment advisors firm concludes the top five gainers list, with its stocks increasing by 2.31%.

Top Losers

  • JD Sports Fashion PLC (JD): The clothing retail company faced the largest decline among the FTSE 100 constituents, with a decrease of 2.98% on Thursday.

  • Anglo American PLC (AAL): Shares of this general mining firm dropped by 1.54%.

  • Fresnillo PLC (FRES): The precious metals company experienced a decline of 1.42% in its stock value.

  • Barclays PLC (BARC): As one of the major international banks, Barclays recorded a decrease of 0.88% in its stocks.

  • Glencore PLC (GLEN): This general mining firm completes the top five decliners list with its stocks dropping by 0.78%.

Currency and Commodity Updates

The pound showed strength against the dollar, with an increase of 0.27% to $1.2168. It also experienced a slight growth of 0.06% against the euro, resulting in a value of €1.1562.

In terms of commodities, Brent crude declined by 1.9% to $84.17.

Furthermore, the yield on the 10-year gilt experienced a decline of 3.930 basis points to 4.546%.

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