Energy, healthcare stocks lift London’s FTSE 100; BHP Group shines | Malay Mail

LONDON, Aug 18 ― London's FTSE 100 rose yesterday, helped by gains in heavyweight energy and healthcare stocks, with sentiment bolstered by robust earnings from BHP Group and employment numbers that showed a steady economic recovery in the UK.

Healthcare stocks rose 1.1 per cent with drugmakers including AstraZeneca, GlaxoSmithKline, and Hikma Pharmaceuticals rising between 1 per cent and 2.3 per cent. “BHP has a clear strategy now of focusing on future-proofed commodities which are part of the transition away from fossil fuels or in other words being part of the solution rather than part of the problem and it's an approach which is winning favour from the market,” said Russ Mould, investment director at AJ Bell.

The number of employees on British company payrolls rose by 182,000 in July from June, moving closer to their pre-pandemic level as the economy recovers from its coronavirus lockdowns, tax data showed.

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