London stocks closed higher overnight (Oct 13), boosted by strong earnings releases at British listed companies. But concerns about the Bank of England (BoE) raising interest rates earlier than scheduled have deterred market gains.
The FTSE 100 London Stock Exchange closed at 7,141.82, up 11.59, or +0.16%.
Homebuilding stocks jumped 3.9 percent, their biggest gain since April last year. by Barrett shares Development jumps 6% after reporting sales above pre-COVID-19 levels and has a tendency to achieve medium-term goals and targets of 2022
Shares in British fund management firm Man Group jumped 7.6 percent after it disclosed assets under management. It rose to a record $1395 billion in the third quarter.
In addition, personal product stocks also rose.
But markets are still under pressure as the BoE is likely to raise interest rates by 0.15% in December as the British economy resumes growth in August. After contracting in July for the first time in 6 months