UK stocks post best month of 2022

Published by
Reuters UK

By Sruthi Shankar and Bansari Mayur Kamdar (Reuters) – Britain’s top equity indexes rose on Friday and marked their strongest monthly performance of 2022, as a jump in commodities and a slew of upbeat earnings reports from companies like NatWest outweighed economic slowdown worries. The blue-chip FTSE 100 gained 1.1% while the domestically focussed midcap FTSE 250 climbed 1.6%, both holding at seven-week highs. NatWest rose 8.1% after the bank raised its full-year forecast and made a bumper payout to shareholders, lifting the banking index 1.5% higher. “The sector’s earnings so far have benefi…

Read More