London’s primary FTSE indexes experienced a modest uptick on Tuesday, buoyed by earnings-driven advancements in consumer-oriented stocks, such as Unilever and Man Group, while dismissing the downward pressure from declines in the banking and energy sectors.

The blue-chip FTSE 100 index rose 0.5% to 10,845.71 points by 0950, while the mid-cap FTSE 250 climbed 0.2%.

• Unilever opened a new tab and experienced a 6.8% increase, positioning itself for its most significant one-day gain in two years. This surge followed the company’s upward revision of its annual forecast and the reporting of its strongest quarterly volume growth in over a decade. Notably, consumers have continued to purchase brands like Vaseline, Dove, and Cif, even amid concerns regarding household budgets.
• Coats opened new tab jumped 7.1% to the top of the FTSE mid-cap index after the thread maker reported higher first-half profit.
• Meanwhile, banks experienced sectoral declines, falling 0.7% after Barclays slipped 5.1% despite reporting a better-than-expected 17% rise in first-half profit, suggesting investors had already priced in robust results from British banks.
• Energy stocks fell 0.6% as oil prices slid more than 2% amid increasing hopes for a resolution to the U.S.-Iran conflict.
• Among individual stocks, shares of Man Group surged 4.6% to their highest level since 2010 following the hedge fund manager’s announcement of a better-than-expected 11% increase in assets under management for the half-year period.
• Canal+ opened new tab jumped 6.2% after the French pay-TV and media group reported a slight rise in half-year revenue, as growth in its legacy businesses offset a narrowing decline at MultiChoice, the African broadcaster it acquired last year.
• Policy statements from the U.S. Federal Reserve and the Bank of England will be scrutinised later this week for indications regarding the central banks’ forthcoming actions.