LONDON, June 3 ― London's FTSE 100 index climbed yesterday, helped by gains in heavyweight energy and banking stocks, while Bloomsbury Publishing jumped on a robust earnings report.
Banks, including HSBC, Prudential Plc, Lloyds Banking Group and Barclays also provided the biggest boosts to the index.Bloomsbury Publishing surged 11.3 per cent as the Harry Potter publisher declared a special dividend and lifted its targets for the current year, as strong book sales during lockdowns drove a 22 per cent surge in its annual earnings.
The FTSE 100 index has traded in a tight range since April as concerns grew that central banks might pare support early as economies reopen and inflation climbs. Global stock markets hovered near record highs despite wary investors remaining unconvinced by central bank assurances that the current inflation upsurge is transient.
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