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 rose 0.1% with drugmaker AstraZeneca Plc adding 1.5% after China's health regulator approved Tagrisso, its lung cancer treatment, as adjuvant treatment for patients with early-stage lung cancer.
Miners rose, with Glencore Plc adding 1.7% after Goldman Sachs upgraded the stock to "buy" from "neutral". Oil and gas stocks rose 0.1% on tracking higher crude prices.
However, gains were capped by Britain's biggest retailer Tesco which tumbled 4.1% as the cost of adapting the business for a pandemic wiped out its "exceptionally strong" sales. The domestically focussed mid-cap FTSE 250 index traded 0.1%.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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