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Drinkers, smokers seek respite from gloom by trading up

By Richa Naidu LONDON, July 28 (Reuters) - Soaring inflation has made life harder for most of the world - but some people are still smoking expensive cigarettes and doing shots of fancy tequila. From British American Tobacco BATS.L to Tanqueray gin maker Diageo DGE.L , cigarette and alcohol companies cited strong demand for high-end products people can't seem to shake when they reported results this week.
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Drinkers, smokers seek respite from gloom by trading up

By Richa Naidu LONDON, July 28 (Reuters) - Soaring inflation has made life harder for most of the world - but some people are still smoking expensive cigarettes and doing shots of fancy tequila. From British American Tobacco BATS.L to Tanqueray gin maker Diageo DGE.L , cigarette and alcohol companies cited strong demand for high-end products people can't seem to shake when they reported results this week.
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UK Stocks-Factors to watch on July 28

July 28(Reuters) - Britain's FTSE 100 index .FTSE opened 0.6% higher on Thursday. * SHELL: Shell SHEL.L reported a second-quarter profit of $11.5 billion, smashing its previous record just three months earlier. * SCHRODERS: Schroders SDR.L on Thursday reported a 1% rise in assets under management in the first half. * BAE SYSTEMS: BAE Systems BAES.L named Cressida Hogg as its next chair on Thursday.
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UK Stocks-Factors to watch on July 28

July 28(Reuters) - Britain's FTSE 100 index .FTSE is seen opening higher on Thursday, with futures FFIc1 up 0.2%. * AUTOS: British car production rose 5.6% in June from a year earlier, as supply chain snags began to ease and zero-emission vehicles saw a record month, an industry body said on Thursday. * ENERGY: Britain's National Grid said there could be periods where electricity supply is tight this winter, given uncertainty over supplies of Russian gas to Europe, but that it expects to be able
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FTSE 100 retreats from two-week high on slowdown worries

(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window) * Lookers rise on upbeat profit outlook * Anglo American, Diageo fall on Deutsche Bank downgrades * Cyclicals lead losses * FTSE 100 down 0.2%, FTSE 250 off 1.6% (Updates to close) By Amal S and Boleslaw Lasocki June 29 (Reuters) - Britain's top share index inched lower on Wednesday, as gains in healthcare shares were seen providing little support against growing concerns about a global recessi
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