(RTTNews) – After opening marginally lower and drifting down further, U.K. stocks recovered lost ground and emerged above the flat line on Tuesday. Concerns over fresh tariffs proposed by the Trump administration, and a possible U.S. government shutdown appear to be weighing on sentiment.
The Trump administration has imposed tariffs on imported lumber, kitchen furniture, and bathroom furniture made of wood, starting October 14, with further increases planned for January 1.
About an hour past noon, the benchmark FTSE 100 was up 16.06 points or 0.17% at 9,315.90. The index had earlier dropped to 9,266.29.
Rentokil Initial is gaining about 3.1%. Airtel Africa and Reckitt Benckiser are up 2.75% and 2.5%, respectively. JD Sports Fashion is up 1.8% and 3i Group is rising 1.7%.
Hikma Pharmaceuticals, Melrose Industries, Babcock International, Informa, GSK, Weir Group, Barratt Redrow, Beazley,…
