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FTSE 100 closes in the green but FTSE 250 loses ground as market searches new narrative
The UK s top share index finished up over 35 points, or 0.52%, at 6,895
FTSE closes up 35 points
Just Eat hit by competition plans in Germany
US stocks in the green
5pm: FTSE closes ahead
FTSE 100 closed in positive territory midweek as stock markets rebounded after Tuesday s falls.
The UK s top share index finished up over 35 points, or 0.52%, at 6,895, with pharma groups and tobacco giants making up some of the top risers.
The more domestically focused FTSE 250 went the other direction though, losing nearly 23 points, or 0.,10%, at 22,085.
Cheif market analyst at online trading group IG Chris Beauchamp noted that the market still seems in search of a new narrative and added that earnings season provides the potential for some more downside as companies find themselves struggling to spin a positive case to justify further appreciation in their stock prices .
Drink driver who caused death of woman has sentence increased at Court of Appeal
Matthew Shaw drove his Audi A5 through a red light before colliding head-on with Jenny Sell’s Honda Jazz
Matthew Shaw
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A drink-driver who caused the death of a young woman in a Somerset crash has had his prison sentence increased.
FTSE 100 slips from best levels but Hikma benefits from US asthma drug news
The UK blue chip index pares gains but housebuilders supported by latest government figures
FTSE up 22 points
House prices surge most since 2014
11.49am: Hikma higher, Just Eat drops
Leading shares may be losing some of their early lustre but investors are buying into Hikma Pharmaceuticals PLC (LON:HIK).
The company is the biggest riser in the blue chip index, up 61p or 2.57% at 2439p after it said it had resumed the launch in the US of its generic version of GlaxoSmithKline s Advair Diskus treatment for asthma and pulmonary diseases.