FTSE cheers easing U.S.-Iran worries; midcaps miss out [Reuters (UK)]
MARKS & SPENCER GRP S/ADR (MAKSY)
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Source: Reuters
FTSE cheers easing U.S.-Iran worries; midcaps miss out - Reuters 3 Min Read (Reuters) - London’s main index advanced on Thursday as chances of a full-blown crisis in the Middle East waned, but the midcaps lagged as SIG and Marks and Spencer fell after warning of lower annual results and dragged their peers lower. The FTSE 100 .FTSE rose 0.4% and was set for its best day in a week after U.S. President Donald Trump stepped back from more military action against Iran and Tehran signalled an end to retaliation. “It looks like the shooting war is over for now, but there is always the potential for escalation at any point,” Markets.com analyst Neil Wilson said. “But the relative calm should mean the focus will come back to the economic data and U.S.-China trade deal.” The FTSE 250 .FTMC handed back initial gains and fell 0.1% as building materials supplier SIG ( SHI.L ) slumped 24%, pinning its weak outlook on longer-than-expected recovery in UK and Germany construction markets. Its share
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