Market report: FTSE pays no heed to profit warnings

FTSE 100

The FTSE 100 touched eight-week highs but failed to hold them, on a day marked by a striking spree of profit warnings that didn’t stop the blue-chip index from shining.

London’s top bourse outperformed its peers on the Continent, closing up just over 0.8pc, after China’s ministry of commerce said it was communicating closely with Washington ahead of the fast-approaching trade talks.

All sectors gained, with energy sector heavyweights providing the most upwards pull. Healthcare and financial firms also performed well, leaving only a handful of shares from across the index in the red at several points during the day.

Gains were aided by a listless pound, which spent more of the London session flat...

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