FTSE 100 rises on miners, industrials boost; midcaps hit record high

  • 4/19/2021
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(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 0.1%, FTSE 250 adds 0.2% April 19 (Reuters) - London’s FTSE 100 edged higher on Monday as heavyweight mining and industrial stocks gained, while shares of Melrose Industries jumped on a sale plan of its unit. The blue-chip index rose 0.1%, with shares of the British engineer gaining 0.3% after it agreed to sell its Nortek Air Management business for 2.62 billion pounds ($3.63 billion) to Chicago-based Madison Industries. Miners added 0.2% as they tracked higher metal prices. However, gains were capped as energy stocks declined more than 1% on lower crude prices. The domestically focussed mid-cap FTSE 250 index gained 0.2% to touch a record high. 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. (Reporting by Devik Jain in Bengaluru; editing by Uttaresh.V)

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