Upbeat earnings help FTSE 100 rebound

The UK’s FTSE 100 rose on Monday after upbeat earnings reports from Associated British Foods and Bunzl helped pull the index up from last week’s battering on worries about high U.S. interest rates.

The blue-chip FTSE 100 (.FTSE) rose 0.8%, after recording its worst weekly performance so far this year as hotter-than-expected U.S. consumer spending data on Friday sparked a selloff on both sides of the Atlantic.

Bunzl (BNZL.L) gained 1.8% after the business supplies distributor raised its annual dividend and reported a higher full-year profit.

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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