Positive Growth in U.K. Stock Market

The FTSE 100 Index closed up 0.34% at 7,464.54 on Friday, showing positive growth in the U.K. stock market.

Top Gainers

  • BP PLC: The major oil and natural gas company experienced a significant increase of 2.73% in its share price.
  • Rio Tinto PLC: The general mining firm saw a rise of 2.05% in its shares.
  • Anglo American PLC: Another general mining company, Anglo American, also experienced a positive growth of 1.69%.
  • Antofagasta PLC: This non-ferrous metals company witnessed a jump of 1.59% in its stock value.
  • Shell PLC: The major oil and natural gas company, Shell, also had a good day with its shares rising by 1.37%.

Top Losers

  • British Land Co. PLC: Among the FTSE 100 constituents, this diversified reits company incurred the largest drop, with its shares falling by 2.81%.
  • Admiral Group PLC: The non-life insurance firm saw a decrease of 2.41% in its share price.
  • Land Securities Group PLC: Another diversified reits company, Land Securities Group, experienced a decline of 1.83% in its shares.
  • International Consolidated Airlines Group S.A.: The passenger airlines company saw its stock value drop by 1.64%.
  • United Utilities Group PLC: This water utilities company also witnessed a decrease of 1.58% in its shares.

Currency and Commodities Update

The pound performed moderately against the dollar, with a decline of 0.65% to $1.2591. Against the euro, it showed a slight dip of 0.12% at €1.1673.

Brent crude climbed by 1.5% to $88.11, showing positive movement in the oil market. The yield on the 10-year gilt also rose by 7.190 basis points to 4.433%.

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