XM does not provide services to residents of the United States of America.

UK's FTSE 100 hits record high as favourable data boosts sentiment



<html xmlns="http://www.w3.org/1999/xhtml"><head><title>UPDATE 2-UK's FTSE 100 hits record high as favourable data boosts sentiment</title></head><body>

There will be no UK equities report on Monday on account of a bank holiday. Reuters will resume coverage on Tuesday, May 7.

Anglo American jumps after report of Glencore interest

IHG falls as quarterly room revenue misses expectations

Upswing in UK services firms points to renewed growth

FTSE 100 up 0.5%, FTSE 250 adds 0.6%

Updated at 1616 GMT

By Pranav Kashyap, Shubham Batra and Khushi Singh

May 3 (Reuters) -Britain's FTSE 100 hit a fresh record high on Friday, led by gains in homebuilder stocks, while softer-than-expected U.S. jobs data boosted investor sentiment.

The blue-chip FTSE 100 .FTSE ended the session up 0.5%, after hitting a fresh recordhigh of 8,213.49 points earlier in the day. The FTSE 250 .FTMC touched its highest levels since February last year and ended 0.6% higher. Both indexes registered a second straight week of gains.

Signs of easing inflation, hopes of early interest rate cuts by the Bank of England and attractive prices have helped boost investorinterest in UK equities.

In the U.S., investors reacted favourably to the release of data showing slower-than-expected job growth and a dip in annual wage growth in April, which increased the likelihood that the Federal Reserve would cut interest rates later this year.

Rate-sensitive homebuilders .FTNMX402020 led sectoral gains with a 4.3% jump.

Meanwhile, UK service companies saw their activity surge to the highest levelin almost a year in April despite increased cost pressures, signallingrobust economic growth.

AngloAmerican AAL.L advanced 1.2% after Reuters reported that Glencore GLEN.L was considering making an offer for the mining giant, a move that could spark a bidding war.

"Investors are salivating at the possibility that there will be this massive bidding war for Anglo American. All miners now are looking at copper, thinking about how much demand has surged, and they're looking to have the lion's share of the market," said Danni Hewson, head of financial analysis at AJ Bell.

Shares of InterContinental Hotels Group IHG.L led declines on the FTSE 100 with a 2.1% drop after the company reported itsfirst-quarter results.

Trainline TRNT.L surged 6.6% to the top of FTSE 250 as the rail ticketing company said it sees strong net ticket sales growth.



Reporting by Pranav Kashyap, Khushi Singh in Bengaluru; Editing by Sonia Cheema, Sohini Goswami and Paul Simao

 For related prices, Reuters users may click on - * UK stock report .L FTSE index: 0#.FTS6 techMARK 100 index: .FTT1X FTSE futures: 0#FFI: Gilt futures: 0#FLG: Smallcap index: .FTSC FTSE 250 index: .FTMC FTSE 350 index: .FTLC Market digest: .AD.L Top 10 by vol: .AV.L Top price gainers: .NG.L Top % gainers: .PG.L Top price losers: .NL.L Top % losers: .PL.L * For related news, click on - * UK hot stocks: HOT and GB Wall Street: .N Gilts report: GB/ Euro bond report GVD/EUR Pan European stock report: .EU Tokyo stocks: .T HK stocks: .HK Sterling report: GBP/ Dollar report: USD/ * For company prices, click on - * Company directory: UKEQ By sector: FTAX * For pan-European market data, click on - * European Equities speed guide................ EUR/EQUITY FTSE Eurotop 300 index........................... .FTEU3 DJ STOXX index................................... .STOXX Top 10 STOXX sectors........................ .PGL.STOXXS Top 10 EUROSTOXX sectors................... .PGL.STOXXES Top 10 Eurotop 300 sectors.................. .PGL.FTEU3S Top 25 European pct gainers.................... .PG.PEUR Top 25 European pct losers..................... .PL.PEUR
</body></html>

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.