Share your thoughts on our News & Insights section. Complete our survey to help us improve.

Reuters: UK stocks open higher on Bunzl, mining boost

Important information - This article isn’t personal advice. If you’re not sure whether an investment is right for you please seek advice. If you choose to invest the value of your investment will rise and fall, so you could get back less than you put in.

London stocks opened higher on Tuesday following an extended weekend as miners rose on optimism over fresh policy support from top consumer China, while Bunzl advanced on upbeat annual profit outlook.

This article is more than 1 year old

It was correct at the time of publishing. Our views and any references to tax, investment, and pension rules may have changed since then.

The blue-chip FTSE 100 index surged 1.3% in early trade, while the FTSE 250 rose nearly 1%.

The FTSE 100 outpaced its regional peers, with the broader pan-European STOXX 600 up 0.6%.

The London Stock Exchange was closed on Monday due to a summer bank holiday.

Shares of Bunzl climbed nearly 4% after the British business supplies distributor hiked its annual adjusted operating profit forecast. Bunzl's stock was the biggest gainer in the benchmark index.

Industrial metal miners tracked metal prices to gain 1.7%. China said in a brief statement on Sunday it was halving stamp duty on stock trades.

Precious metal miners also climbed 1.7%, supported by an uptick in gold prices as the U.S. dollar and bond yields retreated.

This article was from Reuters and was legally licensed through the Industry Dive Content Marketplace. Please direct all licensing questions to legal@industrydive.com.