Bullish
FTSE 100 rises 0.8% to 10,770.93; Kingfisher up after Deutsche Bank upgrade.
The FTSE 100 gained 0.8% to close at 10,770.93, driven by a Deutsche Bank upgrade for Kingfisher. Utilities and energy stocks also contributed to the positive performance.
Key points
- Kingfisher shares rose following Deutsche Bank's upgrade to 'hold' and a price target increase to 300p.
- National Grid and SSE led the index, benefiting from increased demand for defensive stocks.
- BP and Shell shares declined amid lower oil prices and market volatility.
Sources
AI-generated from public news sources. Not financial advice.
