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* FTSE 100 up 0.4%, FTSE 250 slides 0.3%
* Transport stocks slip on rail strike
* DS Smith, Telecom Plus rise on strong FY profit
June 21 (Reuters) - London's FTSE 100 index climbed on
Tuesday as mining and energy stocks tracked gains in
commodities, while Ocado fell after the online supermarket
announced plans to raise more than 550 million pounds through a
The blue-chip index firmed 0.4%, led by gains in
energy stocks and base-metal miners
amid tight supplies even as recession concerns
It is a "relief rally", said David Madden, market analyst at
Investors also await UK consumer price data for May due on
Wednesday, after inflation in April surged to a 40-year high.
Consumer prices will take time to cool down, as there are a
lot of reasons inflation is high, including costs of
transportation, said Madden.
Central banks around the world have been raising interest
rates aggressively to tame soaring inflation, with the Bank of
England hiking it to 1.25% on June 16.
Meanwhile, Britain's biggest rail strike in 30 years kicked
off on Tuesday, as tens of thousands of staff walked out in a
dispute over pay and jobs that could pave the way for widespread
industrial action across the economy in the coming months.
Transport operators including Firstgroup, Go-Ahead
Group and National Express fell between 0.7% and
The domestically focussed mid-cap FTSE 250 index
Also capping gains in UK stocks was Ocado, down
2.5%, after the grocer announced plans to boost its liquidity
and raise 575 million pounds ($704.2 million).
Telecom Plus rose 3.2% after the company posted a
strong annual profit, while cardboard maker DS Smith
also gained 3.7% on strong annual numbers.
(Reporting by Anisha Sircar and Amal S in Bengaluru and
Boleslaw Lasocki in Gdansk; Editing by Rashmi Aich, Sherry
Jacob-Phillips and Vinay Dwivedi)