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FTSE 100 gains on earnings cheer, mining stocks boost
Published at 04/08/2021 at 08:19

(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 0.5%, FTSE 250 adds 0.3%

Aug 4 (Reuters) - London's FTSE 100 climbed on Wednesday, helped by strong earnings and heavyweight miners, although investor mood remained cautious over rising COVID-19 infections and risks of higher inflation.

The blue-chip FTSE 100 advanced 0.5% with builder Taylor Wimpey being the top gainer, while miners BHP Group

, Rio Tinto and Anglo American were the top boosts on the back of strong base metal prices.

Taylor Wimpey gained 6.1% as it joined bigger rivals in forecasting sustained demand and forecast annual operating profit above the top end of market consensus.

The domestically focused mid-cap index inched 0.3% higher.

Legal & General gained 2.4% after it posted an above-forecast 14% rise in first-half operating profit and said it saw continued strong growth.

British e-commerce company The Hut Group rose 3.6% after it said it would buy UK-based online beauty retailer Cult Beauty for 275 million pounds ($382.91 million).

(Reporting by Shashank Nayar in Bengaluru; Editing by Subhranshu Sahu)

((Shashank.Nayar@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6182 2256;))

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