The UK’s main equities indices added to Thursday’s gains as investors turned risk-on after the US debt ceiling deal.
The blue-chip FTSE 100 was up more than 1.1 per cent on the session while the mid-cap FTSE 250 gained 1.6 per cent, boosted by a 7.6 per cent surge in’ share price. Shares in the drugmaker hit a two-week high after it agreed to be taken private by investment firm EQT for an equity value of £4.46 billion .
Export-focused energy firms and industrial metals miners added 1.3 per cent and 2.6 per cent, respectively, chiming with a recovery in commodity prices. Minerswere up by between 3.4 per cent and 5.5 per cent, climbing to near the top of the table.added 2.6 per cent after the insurer and asset manager said it has completed its share buyback programme.US stocks rose on new data showing that US jobs growth was almost twice as strong as forecast in May.
Eight of the 11 major S&P 500 sectors traded higher, with a 2.3 per cent jump in materials leading gains after a report said China is mulling new measures to support the property market.gained 3.7 per cent.gained 1.6 per cent after a report that the company is in talks with telecom operators to offer low-cost mobile services in the United States.
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