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* FTSE 100 up 0.1%, FTSE 250 adds 0.2%
June 8 (Reuters) - London's FTSE 100 index edged higher on
Tuesday, helped by positive earnings updates from Intermediate
Capital Group and British American Tobacco, while Aviva gained
after an activist investor built a stake.
The blue-chip index rose 0.1%. Intermediate Capital
Group added 5.1%, after the alternative asset manager
posted a 19% jump in its annual third-party assets under
management (AUM) as COVID-19 vaccinations and government support
measures boosted investor sentiment.
British American Tobacco rose 2%, after it raised
its annual revenue growth forecast to more than 5% at constant
currency as the cigarette maker's focus on newer products like
e-cigarettes and tobacco-heating devices pays off.
However, gains were limited on the FTSE 100 by a fall in
heavyweight oil majors BP and Royal Dutch Shell
on the back of lower crude prices.
The domestically focused mid-cap FTSE 250 index
Aviva gained 2.6% after activist investor Cevian
Capital took a 4.95% stake in the British insurer and said the
company should be able to return 5 billion pounds ($7.08
billion) of excess capital in 2022.
(Reporting by Devik Jain in Bengaluru; Editing by Subhranshu