FTSE 100 climbs on upbeat Unilever earnings, WPP boost

  • Reuters
  • Stock Market News
FTSE 100 climbs on upbeat Unilever earnings, WPP boost
Credit: © Reuters.

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* FTSE 100 up 0.2%, FTSE 250 flat

July 23 (Reuters) - London's FTSE 100 rose on Thursday as a slate of upbeat quarterly earnings reports bolstered optimism about a post-pandemic corporate rebound, with Unilever surging after reporting a much lower drop in sales than feared.

The Anglo-Dutch maker of Dove soaps and Knorr soups ULVR.L jumped 6.8% to the top of the FTSE 100 as it said a strong performance in North America helped offset the hit from coronavirus lockdowns. blue-chip FTSE 100 .FTSE was up 0.2%, with the world's biggest advertising firm, WPP WPP.L , also among the top gainers after a strong quarterly showing by French rival Publicis Groupe SA PUBP.PA . mid-cap FTSE 250 .FTMC was flat with gains in consumer staples, materials and energy stocks offset by declines for financials and real estate firms.

Security contractor G4S (CSE: G4S ) GFS.L rose 4.3% to the top of the FTSE 250 after reporting a higher-than-expected first-half operating profit.

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