London stocks gain on optimism ahead of UK inflation data, cenbank decision
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 0.6%, FTSE 250 gains 1.2%
Ashtead Group falls after slower revenue growth forecast
Hargreaves Lansdown set to agree to takeover proposal; shares jump
Updated at 1551 GMT
By Pranav Kashyap and Purvi Agarwal
June 18 (Reuters) -London's FTSE 100 bounced back on Tuesday, with investors optimistic ahead of key domestic inflation data and the Bank of England's policy decision this week, while strength in Hargreaves Lansdown added to gains.
The blue-chip FTSE 100 .FTSE closed 0.6% higher at 8,164.21 points, after three straight sessions of losses.
The benchmark has been drifting between the 8,100 and 8,200 levels for the past few weeks, with steeper declines expected if it dips below the 8,100 mark.
"We're seeing a consolidation phase ahead of inflation data and the BoE decision. We're waiting for the next catalyst," Fiona Cincotta, senior market analyst at City Index said as the index's struggled to move past the 8,200 level.
Meanwhile, a lesser-than-expected rise in U.S. retail sales revived some hopes of a September rate cut by the Federal Reserve.
Utilities .FTUB6510 led broader gains in the British market, with a 2.1% rise, while household goods and home construction stocks .FTNMX402020 declined 1.0%, the most among peers.
Investor focus is now on the domestic consumer price index (CPI) numbers on Wednesday, the last crucial dataset ahead of the BoE's decision on Thursday.
"Everybody will be looking at the voting patterns on the nine person Monetary Policy Committee to see if there's any change in the 7-2 vote for no change," said Russ Mould, investment director at AJ Bell.
"There's some hope that more members will lean towards cutting; markets will take them as green lights for rate cuts in August or September."
The mid-cap FTSE 250 .FTMC also rose 1.2%, marking its best day in over a month.
Among individual stocks, Ashtead Group AHT.L dropped 2.0% after the equipment rental firm said it had no immediate plans for a U.S. listing and forecast a slower revenue growth for fiscal 2025.
Meanwhile, Hargreaves Lansdown HRGV.L rose 5.3% to the top of the FTSE 100, after the investment platform said it was set to agree to a 5.41 billion pound ($6.87 bln) takeover by a CVC-led consortium.
Reporting by Pranav Kashyap in Bengaluru; Editing by Sonia Cheema and Mrigank Dhaniwala
For related prices, Reuters users may click on - * UK stock report .L FTSE index: 0#.FTS6 techMARK 100 index: .FTT1X FTSE futures: 0#FFI: Gilt futures: 0#FLG: Smallcap index: .FTSC FTSE 250 index: .FTMC FTSE 350 index: .FTLC Market digest: .AD.L Top 10 by vol: .AV.L Top price gainers: .NG.L Top % gainers: .PG.L Top price losers: .NL.L Top % losers: .PL.L * For related news, click on - * UK hot stocks: HOT and GB Wall Street: .N Gilts report: GB/ Euro bond report GVD/EUR Pan European stock report: .EU Tokyo stocks: .T HK stocks: .HK Sterling report: GBP/ Dollar report: USD/ * For company prices, click on - * Company directory: UKEQ By sector: FTAX * For pan-European market data, click on - * European Equities speed guide................ EUR/EQUITY FTSE Eurotop 300 index........................... .FTEU3 DJ STOXX index................................... .STOXX Top 10 STOXX sectors........................ .PGL.STOXXS Top 10 EUROSTOXX sectors................... .PGL.STOXXES Top 10 Eurotop 300 sectors.................. .PGL.FTEU3S Top 25 European pct gainers.................... .PG.PEUR Top 25 European pct losers..................... .PL.PEUR
Mga Kaugnay na Asset
Pinakabagong Balita
Disclaimer: Ang mga kabilang sa XM Group ay nagbibigay lang ng serbisyo sa pagpapatupad at pag-access sa aming Online Trading Facility, kung saan pinapahintulutan nito ang pagtingin at/o paggamit sa nilalaman na makikita sa website o sa pamamagitan nito, at walang layuning palitan o palawigin ito, at hindi din ito papalitan o papalawigin. Ang naturang pag-access at paggamit ay palaging alinsunod sa: (i) Mga Tuntunin at Kundisyon; (ii) Mga Babala sa Risk; at (iii) Kabuuang Disclaimer. Kaya naman ang naturang nilalaman ay ituturing na pangkalahatang impormasyon lamang. Mangyaring isaalang-alang na ang mga nilalaman ng aming Online Trading Facility ay hindi paglikom, o alok, para magsagawa ng anumang transaksyon sa mga pinansyal na market. Ang pag-trade sa alinmang pinansyal na market ay nagtataglay ng mataas na lebel ng risk sa iyong kapital.
Lahat ng materyales na nakalathala sa aming Online Trading Facility ay nakalaan para sa layuning edukasyonal/pang-impormasyon lamang at hindi naglalaman – at hindi dapat ituring bilang naglalaman – ng payo at rekomendasyon na pangpinansyal, tungkol sa buwis sa pag-i-invest, o pang-trade, o tala ng aming presyo sa pag-trade, o alok para sa, o paglikom ng, transaksyon sa alinmang pinansyal na instrument o hindi ginustong pinansyal na promosyon.
Sa anumang nilalaman na galing sa ikatlong partido, pati na ang mga nilalaman na inihanda ng XM, ang mga naturang opinyon, balita, pananaliksik, pag-analisa, presyo, ibang impormasyon o link sa ibang mga site na makikita sa website na ito ay ibibigay tulad ng nandoon, bilang pangkalahatang komentaryo sa market at hindi ito nagtataglay ng payo sa pag-i-invest. Kung ang alinmang nilalaman nito ay itinuring bilang pananaliksik sa pag-i-invest, kailangan mong isaalang-alang at tanggapin na hindi ito inilaan at inihanda alinsunod sa mga legal na pangangailangan na idinisenyo para maisulong ang pagsasarili ng pananaliksik sa pag-i-invest, at dahil dito ituturing ito na komunikasyon sa marketing sa ilalim ng mga kaugnay na batas at regulasyon. Mangyaring siguruhin na nabasa at naintindihan mo ang aming Notipikasyon sa Hindi Independyenteng Pananaliksik sa Pag-i-invest at Babala sa Risk na may kinalaman sa impormasyong nakalagay sa itaas, na maa-access dito.