FTSE 100 edges up for a third session
The FTSE 100 closed higher for a third straight session, led by gains in mining and energy stocks, while JD Sports plunged more than 14% after cutting its profit outlook.
The FTSE 100 closed higher on Thursday, extending its winning streak to three sessions, supported by strong performances from mining and energy stocks.
Gold producers Fresnillo and Endeavour Mining advanced 3.7% and 2.6%, respectively, while Rio Tinto gained more than 1.5%.
Oil majors also provided support, with BP rising 2.5% and Shell adding 0.7% as crude prices moved higher.
The gains were partly offset by a sharp decline in JD Sports, which plunged more than 14% after cutting its profit outlook amid difficult trading conditions in the second quarter.
Meanwhile, rising oil prices renewed concerns over inflation, while the recent rally in government bonds lost momentum and yields moved higher again.