London stocks rise over 1%

Britain’s benchmark FTSE 100 rose on Thursday, buoyed by a slew of upbeat earnings from industry giants such as BT and Sainsbury, while investors braced for Bank of England’s monetary policy decision, due later in the day.

The internationally-focused FTSE 100 (.FTSE) was up 1.2% at 8:57 GMT, while the mid-cap FTSE 250 (.FTMC) moved 2.0% higher. Both indexes are on track for their best day in over three weeks.

Smith+ Nephew (SN.L) gained 3.4% after the medical products maker beat third-quarter revenue expectations and named a new finance chief.

Fidelity Special Values PLC (LON:FSV) aims to seek out underappreciated companies primarily listed in the UK and is an actively managed contrarian Investment Trust that thrives on volatility and uncertainty.

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