# FTSE 100 opens higher, Informa leads gains
Author: Pal sinha, Barnali
Author URL: https://startupobserver.com/author/pal-sinha-barnali/
Published: 2022-11-14
Category: Headlines
Category URL: https://startupobserver.com/category/headlines/
Meta Title: UK's Export-Oriented FTSE 100 Rises After Weaker Pound
Meta Description: FTSE 100 rises 0.5% as Informa leads after upbeat earnings. FTSE 250 also up. Pound dips as Minister Hunt hints at tax rises in upcoming budget.
URL: https://startupobserver.com/ftse-100-opens-higher-informa-leads-gains/

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(Reuters) – UK’s export-oriented FTSE 100 edged higher on Monday as a weaker pound offered support, with shares of Informa jumping to the top of the index after an upbeat earnings outlook.

The blue-chip FTSE 100 was up 0.5% by 0807 GMT. The domestically-focused FTSE 250 midcap index rose 0.1% after logging its best week in almost two years.

British events organiser Informa Plc jumped 6.2% after it raised its full-year earnings outlook.

The pound dipped against a steadying dollar after Federal Reserve Governor Christopher Waller said on Sunday that the central bank was not softening its fight against inflation. \[FRX/\]

British miners gained 1.4%.

Meanwhile, Finance Minister Jeremy Hunt said on Sunday he will set out tax rises and spending cuts ahead of this week budget’s release.

(Reporting by Shashwat Chauhan in Bengaluru; editing by Uttaresh.V)


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