London Markets: FTSE 100 at one-week high, with HSBC, Shell boosted by earnings

U.K. blue-chip stocks rose Thursday, with Royal Dutch Shell PLC and HSBC Holdings PLC advancing after earnings reports, as data showed U.K. services-sector activity is on the rise.

The FTSE 100 index UKX, +0.37% moved up 0.3% to 7,254.63, as the pound headed toward$1.29 during the session. Oil and gas shares and the financial sector rose, but the tech, utility and basic materials sector pulled lower. The London benchmark on Wednesday lost 0.2% .

Another wave of earnings reports came into the market Thursday, helping drive shares of HSBC, Shell and RSA Insurance Group PLC RSA, +2.48% to the top of the benchmark.

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