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Commodity, travel stocks lead British shares higher ahead of factory activity data
Published at 04/05/2021 at 08:28

(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 0.8%, FTSE 250 adds 0.5%

May 4 (Reuters) - British shares climbed on Tuesday, boosted by commodity and travel and leisure stocks, while investors awaited a reading on factory activity data for April later in the day to gauge the pace of British economic recovery.

The blue-chip FTSE 100 index rose 0.8%, with heavyweight oil majors BP and Royal Dutch Shell gaining 1.6% and 2.1%, respectively, and providing the biggest boost.

The wider mining sub index added 1.6%, tracking higher metal prices.

Real estate stocks gained, while travel and leisure stocks jumped. British Airways owner IAG

surged 3.6% to the top of FTSE 100 index after Prime Minster Boris Johnson on Monday said Britain is on course to ditch the COVID-19 social distancing rule in June.

The domestically focussed mid-cap FTSE 250 index also advanced 0.5%.

(Reporting by Devik Jain in Bengaluru; editing by Uttaresh.V)

((Devik.Jain@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6182 2062; ;))

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