U.K. Stocks Finish Higher

The U.K. stock market closed on a positive note on Tuesday, with the FTSE 100 Index rising by 0.31% to reach 7,638.03.

Gainers

Several companies within the FTSE 100 saw significant gains. Leading the pack was food retail company Ocado Group PLC, whose shares surged by 5.33%. Following closely behind were precious metals firm Fresnillo PLC, with a 3.93% increase, and general mining company Anglo American PLC, which saw a 3.85% climb.

Gambling industries company Entain PLC and Flutter Entertainment PLC rounded out the top five gainers, both experiencing a solid 3.56% growth.

Losers

On the flip side, Burberry Group PLC witnessed the largest decrease among the FTSE 100 constituents, with a decline of 2.05% in share prices.

Investment advisors firm St. James's Place PLC and wired telecommunications services company BT Group PLC also experienced a drop in share prices, shedding 1.03% and 0.88% respectively.

The top five losers were completed by Imperial Brands PLC, which saw a decrease of 0.80%, and diversified reits firm British Land Co. PLC, whose stocks dropped by 0.71%.

Currency and Commodities

The pound gained some strength, rising by 0.79% against the dollar to $1.2749 and increasing by 0.31% against the euro to €1.1614.

Brent crude also climbed, reaching $79.39 with a growth of 1.8%. Meanwhile, the yield on the 10-year gilt declined by 3.750 basis points to 3.659%.