FTSE 100 Rises for 3rd Session

The FTSE 100 traded 0.9% higher on Tuesday, attempting gains for the third session and outperforming other European markets, supported by continued strength in banking and pharmaceutical shares. HSBC gained more than 1%, while Lloyds Banking Group and Barclays each advanced 1.5%. AstraZeneca and GSK also climbed around 2% apiece. Whitbread rose more than 2% after reported first-half profits above market expectations, supported by resilient hotel occupancy in both the UK and Germany. The company maintained its full-year outlook and urged shareholders to reject an approach from activist investor Corvex. In contrast, Rio Tinto, Antofagasta, Anglo American and Glencore all traded lower, falling between 0.6% and 1.5%.