FTSE Edges Higher After Weak Start

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(RTTNews.com) - The U.K. stock market is up in positive territory Thursday morning, even as a few major markets in Europe trade weak amid cautious moves by investors.

The surge in crude oil prices is aiding the uptick in the U.K. market. Materials and bank stocks are slightly weak.

Crude oil prices moved up by about 1 percent Thursday morning as traders bet on tighter markets due to upcoming U.S. sanctions on Iran.

Meanwhile, investors continue to keep an eye on ongoing negotiations between Britain and the EU on a Brexit deal.

The benchmark FTSE 100 is up 12.80 points, or 0.18 percent, at 7,524.29, coming off a low of 7,489.14.

Centrica, BT Group, Tui, Intertek, British Petroleum, Reckitt Benckiser, Shire and Ashtead Group are gaining 1 to 2 percent.

DCC is declining by about 4 percent. EasyJet, Hargreaves Lansdown, Royal Mail and Glencore are also down sharply.

Sky PLC shares are flat. According to reports, Twenty-First Century Fox Inc has agreed to sell its 39 percent stake in Sky PLC to Comcast Corp.

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This article appears in: Stocks , World Markets
Referenced Symbols: ASHTY ,

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