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THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

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Retail sales data lifts UK markets, Rio Tinto shines.

FILE PHOTO: A worker shelters from the rain under a Union Flag umbrella as he passes the London Stock Exchange in London, Britain, October 1, 2008. REUTERS/Toby Melville
FILE PHOTO: A worker shelters from the rain under a Union Flag umbrella as he passes the London Stoc... FILE PHOTO: A worker shelters from the rain under a Union Flag umbrella as he passes the London Stock Exchange in London, Britain, October 1, 2008. REUTERS/Toby Melville
FILE PHOTO: A worker shelters from the rain under a Union Flag umbrella as he passes the London Stock Exchange in London, Britain, October 1, 2008. REUTERS/Toby Melville
FILE PHOTO: A worker shelters from the rain under a Union Flag umbrella as he passes the London Stoc... FILE PHOTO: A worker shelters from the rain under a Union Flag umbrella as he passes the London Stock Exchange in London, Britain, October 1, 2008. REUTERS/Toby Melville

U.K. equities climbed on Friday after retail sales surprisingly rose in April, indicating consumer spending resilience despite high inflation. In addition, Rio Tinto had its best day in over a month on a brokerage upgrade.

April retail sales rose 0.5% after a 1.2% drop in March. In addition, an official report showed the highest sales volume since mid-2021 in the three months to April.
ASOS Plc (ASOS.L) led the 0.2% retail sector gain (.FTNMX404010). Data boosted the pound by 0.1%.

As domestic inflation unexpectedly climbed and U.S. debt limit fears pinched morale, the blue-chip FTSE 100 (.FTSE) rose 0.5% but had its worst week in over a month.

Morgan Stanley upgraded Rio Tinto (RIO.L) by 3.6%.
AstraZeneca Plc (AZN.L) gained 0.9% after a late-stage trial in advanced or recurrent endometrial cancer patients showed excellent outcomes with its cancer medications combined with chemotherapy. FTSE 250 (.FTMC) gained 0.1% by 7:10 GMT.


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