London's FTSE 100 extends rally into eighth day

Kitco Media
By Reuters
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FTSE 100 up 0.3%, FTSE 250 adds 0.2%


April 18 (Reuters) - The UK's FTSE 100 rose on Tuesday for the eighth straight day, with a surge in tin prices boosting miners on the commodity-heavy index, while shares of Entain were up on upbeat quarterly results.


The blue-chip FTSE 100 rose 0.3%, while the mid-cap FTSE 250 was up 0.2%, as of 0707 GMT.


Industrial miners gained 0.9% as tin prices soared more than 10%, supported by supply fears after a major ore producing region in Myanmar issued a ban on mining activities. Meanwhile, data showed pay growth in Britain - which is key to the Bank of England's debate about whether to extend its run of interest rate hikes next month - held at 6.6% in the three months to February. Entain Plc rose 3.7%, to the top of the FTSE 100, after the Ladbrokes owner reported higher quarterly net gaming revenues on Tuesday, helped by acquisitions and robust demand in its retail shops. Easyjet Plc added 2.2% after the airline forecast profit for the 2023 financial year ahead of market expectations. (Reporting by Shristi Achar A in Bengaluru; Editing by Sonia Cheema)


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