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UK stocks continue to shine

by LLB Editor
15th Apr 21 11:44 am

Mining stocks have come to the rescue, helping the FTSE 100 advance 0.3% to 6,962. Iron ore prices have been picking up again on tight near-term supply, helping to drive up the likes of Rio Tinto, BHP and Anglo American.

Diageo also continues to push forward, having recently been stuck in a tight trading range. Its share price managed to break out of this trend at the start of April and keen chart-watching investors have been latching on to this event ever since. A price target upgrade from a big investment bank also helped the stock on Thursday, pushing up Diageo 1%.

“The mid cap FTSE 250 index continues to set new record highs, rising 0.3% to 22,429 thanks to a mixture of builders’ merchants, housebuilders and airlines. Investors are buying these sectors to play the reopening trade and a general recovery in interest for UK stocks after a long period of being in the doldrums,”said AJ Bell’s Russ Mould.

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