London's FTSE 100 on track for fourth weekly gain

Kitco Media
By Reuters
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Reuters
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FTSE 100 up 0.1%, FTSE 250 adds 0.6%


April 14 (Reuters) - Britain's FTSE 100 rose slightly on Friday, on course for a fourth straight weekly gain, boosted by defensive stocks like pharmaceuticals and consumer staples, while miners tracked copper prices higher.


The blue-chip FTSE 100 edged up 0.1%, while the mid-cap FTSE 250 added 0.6%, as of 0717 GMT. Healthcare stocks added 0.8%, while consumer staples like British American Tobacco Plc and Diageo Plc gained between 0.3% and 1%. Dechra , a British veterinary pharmaceuticals maker, jumped 37.7% after saying it had entered into talks with private equity group EQT for a possible offer in a 4.63 billion pounds ($5.80 billion) all-cash deal. Gains in copper prices helped industrial miners rise 0.4%. Superdry tumbled 15.8% after the struggling fashion brand said a potential equity raise of up to 20% was among funding options being considered. AO World Plc gained 6.4% after the online electricals retailer said it expected its annual profit to be around the top end of its forecast. 888 Holdings added 5.8% after the bootmaker forecast a higher adjusted core profit for 2023. (Reporting by Shristi Achar A in Bengaluru; Editing by Subhranshu Sahu)


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