AstraZeneca, commodity stocks pull FTSE 100 higher; Tesco caps gains

  • Reuters
  • Stock Market News
AstraZeneca, commodity stocks pull FTSE 100 higher; Tesco caps gains
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* FTSE 100 up 0.14%, FTSE 250 off 0.1%

April 14 (Reuters) - London's FTSE 100 edged higher on Wednesday helped by gains in heavyweight mining and oil stocks and AstraZeneca shares, while Tesco slipped to the bottom of the index after reporting a 20% drop in full-year pretax profit.

The blue-chip index .FTSE rose 0.1% with drugmaker AstraZeneca Plc AZN.L adding 1.5% after China's health regulator approved Tagrisso, its lung cancer treatment, as adjuvant treatment for patients with early-stage lung cancer. rose, with Glencore Plc GLEN.L adding 1.7% after Goldman Sachs (NYSE: GS ) upgraded the stock to "buy" from "neutral". and gas stocks .FTNMX601010 rose 0.1% on tracking higher crude prices. O/R

However, gains were capped by Britain's biggest retailer Tesco TSCO.L which tumbled 4.1% as the cost of adapting the business for a pandemic wiped out its "exceptionally strong" sales. domestically focussed mid-cap FTSE 250 index .FTMC traded 0.1%.

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