FTSE 100 rises on miners boost, midcaps hit record high

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FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville

(Reuters) – London’s FTSE 100 edged higher on Thursday, boosted by gains in heavyweight mining stocks, while shares of Entain rose after its quarterly online net revenue leapt by 33%.

The blue-chip index rose 0.3%, with the British gambling group adding 1.5% even as a drop in total net gaming revenue for the first quarter outweighed a bump in online betting during coronavirus lockdowns.

Miners added 1%, providing the biggest boost to the index as they tracked higher metal prices.

The domestically focussed mid-cap FTSE 250 index also gained 0.3%, hitting a record high.

Among other stocks, home improvement retailer Kingfisher advanced 1.9% after Citigroup upgraded the stock to “neutral” from “sell”.

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