April 29 (Reuters) – British stocks ended higher on Tuesday, led by gains in bank shares, with markets responding positively to news about automotive tariffs.
The White House said U.S. President Donald Trump would sign an executive order on Tuesday to soften the impact of his automotive tariffs, giving some relief to cautious investors.
The blue-chip FTSE 100 index (.FTSE), was up 0.6%, marking its 12th consecutive winning session.
The domestically focused mid-cap index (.FTMC), advanced 0.4%, posting its fifth straight session in green.
The banks (.FTNMX301010), led the sectoral gains, up 1.9%.
Heavyweight HSBC (HSBA.L), rose 2.6%, topping the FTSE 100 index, after Europe’s largest lender reported first-quarter profit above estimates and announced a $3 billion share buyback program.
Among other stock-related moves, Howden Joinery (HWDN.L), gained 4.6% after posting higher revenue.
Entain (ENT.L), rose 3.3%, after the Ladbrokes owner named…
