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LONDON MARKET CLOSE: FTSE 100 leaps into June as mining stocks rally

M&C Saatchi reports stronger than anticipated trading and new £47m financing deal

FTSE up 1% on mining sector strength as pound rallies | 1 June 2021

M&C Saatchi upgrades annual earnings guidance | 1 June 2021

Oil price rally helps FTSE to strong gains | 1 June 2021

1 June 2021 | 16:38pm StockMarketWire.com - The FTSE 100 closed the first day of June up 0.8% at 7,080.46 as oil prices hit $71 per barrel and other commodities rallied, lifting resources stocks. In the US the S&P 500 was more or less flat at 4,206.60 by 4.30pm UK time. Wickes, the DIY chain recently spun out of Travis Perkins, gained 5.3% to 269.5p on guiding for an adjusted full-year profit within the top end of market expectations, following a jump in year-to-date sales. Wickes said the current range of analysts expectations for full-year adjusted pre-tax profit were £55 million-to-£74 million. Sportswear retailer JD Sports Fashion rose 0.2% to 947p, having denied a report in the Sunday Times about the future of long-serving executive chairman Peter Cowgill.

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