{"id":112408,"date":"2021-04-19T08:43:18","date_gmt":"2021-04-19T08:43:18","guid":{"rendered":"https:\/\/fin2me.com\/?p=112408"},"modified":"2021-04-19T08:43:18","modified_gmt":"2021-04-19T08:43:18","slug":"british-midcaps-hit-record-high-equiniti-group-shines","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/british-midcaps-hit-record-high-equiniti-group-shines\/","title":{"rendered":"British midcaps hit record high; Equiniti Group shines"},"content":{"rendered":"
(Reuters) -British shares rose on Monday, with midcaps hitting a record high, as gains in industrials and consumer discretionary stocks underpinned the market, while shares of Equiniti Group jumped on a non-binding acquisition proposal.<\/p> The British outsourcer jumped 13.8% after U.S. private equity firm Siris Capital tabled a 624.3 million pounds ($864.59 million) bid in an all-cash deal.<\/p>\n The blue-chip index edged 0.1% higher in choppy trading, with gains being capped by a 0.8% decline in heavyweight energy shares as they tracked lower oil prices. [O\/R]<\/p>\n AstraZeneca rose 0.4%, and was among the biggest boost to the FTSE 100 after the Philippines said it will resume administering drugmaker\u2019s COVID-19 vaccine to people below 60 years of age.<\/p>\n The domestically focussed mid-cap FTSE 250 index also gained 0.4% to touch a record high.<\/p>\n \u201cMarkets are back to being a bit dull for now but pretty buoyant,\u201d Deutsche Bank strategist Jim Reid wrote in a note.<\/p>\n \u201cIt\u2019s a lighter week ahead, with the main highlight likely to be at the end of the week with the flash PMIs for April … And there\u2019ll be particular attention on the price gauges as well as investors stay attuned to any signs of growing inflationary pressures.\u201d<\/p>\n With the FTSE 100 gaining 8.7% year-to-date and UK vaccine rollout continuing to progress, markets will have a chance to gauge the impact on the economy as employment data, retail sales, CPI, PPI, and flash April PMIs are all due this week.<\/p>\n Meanwhile, homebuilders added 0.6% after property website Rightmove said advertised prices for homes in Britain hit a record high after finance minister Rishi Sunak stoked the market again by extending a tax-cut for home-buyers last month.<\/p>\n Johnson Matthey rose 0.9% after the chemicals company signed a long-term agreement with Russian metals producer Nornickel for the supply of nickel and cobalt to produce materials used to make electric vehicle (EV) batteries.<\/p>\n