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FTSE 100 ends higher but doesn t crack 7,100; US markets mixed after Nasdaq reverses course lower
Helped by the weakness of sterling, the FTSE 100 posted decent gains Manufacturers are going full-pelt but rising input prices are a concern
FTSE 100 rises 58 points
US indices mixed as Nasdaq slides
Asia-focused banks suffer
5.15pm: FTSE can t quite reach 7,100
London s leading index closed Tuesday up 58 points, 0.8%, at 7,080, while the FTSE 250 gained 191 points, 0.8%, to end at 22,875. US and UK investors have returned from their holiday in bullish form, picking up where they left off on Friday, IG Chief Market Analyst Chris Beauchamp wrote. Growth sectors such as health care and tech stocks continue to struggle compared to the cyclical areas such as mining and banking, while in the UK commodity prices have driven the gains for the FTSE 100, thanks to the strong showing in the US and Chinese manufacturing PMIs.
A glance at some of the day s highlights from the Proactive Investors newswire
Powerhouse Energy Group PLC (LON:PHE) said a second site using its waste-plastic-to-hydrogen technology is to be developed by its partner, Peel L&P, at the Rothesay Dock on the north bank of the River Clyde in Scotland.
CentralNic Group PLC (LON:CNIC) reported higher earnings for the first quarter of 2021 as it said “significant investment” in its management, staff and systems had accelerated organic growth to record levels.
Chamberlin PLC (LON:CMH) said Kevin Price and Alan Tomlinson have taken up their positions respectively as chief executive and finance director of the specialist castings and engineering group.
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A look at some of the major movers in London on Tuesday
M&C Saatchi PLC (LON:SAA) climbed 12% to 143.5p after it raised full-year guidance after the first four months of the year exceeded expectations.
The advertising agency said new business performance has been robust.
The company also announced it has entered into a new revolving credit facility.
10.00am: Powerhouse surges as its partner chooses site for second plastic to hydrogen facility
Powerhouse Energy Group PLC (LON:PHE) improved 5.2% to 6.21p after it said a second site using its waste plastic to hydrogen technology is to be developed by its partner, Peel L&P.