London Markets: FTSE 100 advances with BP rising; manufacturing report on deck

U.K. stocks marched higher Tuesday, with BP PLC gaining following the oil heavyweight’s earnings report, ahead of an update from the U.K. manufacturing sector.

The FTSE 100 UKX, +0.59% rose 0.6% to 7,245.28, with only the utilities sector declining modestly. The benchmark last week logged a gain of 1.3%. But for April, the London benchmark lost 1.6%, in part because the pound surged more than 3% against the dollar over the month.

Sterling on Tuesday GBPUSD, +0.0698% was buying $1.2885, steady from late Monday in New York, before the release of an update on British manufacturing output.

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