U.K. stocks were moving higher on Wednesday, as investors picked up consumer discretionary stocks heading into the festive weekend.
In economic releases, the U.K. budget deficit was the biggest for the month of November, data from the Office for National Statistics revealed earlier today.
Public sector net borrowing excluding banks increased by GBP 13.9 billion from the last year to GBP 22.0 billion. This was the biggest November borrowing since monthly records began in 1993.
The benchmark FTSE 100 was up 32 points, or 0.4 percent, at 7,402 after finishing 0.1 percent higher the previous day.
Ferrexpo rallied 1.7 percent after saying it was now receiving sufficient levels of power to bring one iron ore pelletizer line in central Ukraine back into operation.
Bunzl was little changed after saying that operating margins in 2022 would be slightly ahead of previous guidance and in line with 2021.
Market Analysis
FTSE 100 Gains In Cautious Trade
2022-12-21 09:27:18
