British shares recovered from a recent slump on Wednesday as positive news from the Ukraine-Russia conflict and corporation earnings reports boosted investor confidence. The FTSE 100 closed with a 0.5% gain, halting a six-day losing streak.
Developments included the U.S. resuming military aid to Ukraine following a proposal for a 30-day ceasefire. Most London sub-sectors rose, with the financial sector providing significant support to the blue-chip index.
Precious metal miners topped gains, riding the wave of rising gold prices. Particularly, Hochschild Mining surged by 12.6% thanks to reinstituting its dividend payout, making it the leading performer on the FTSE 250, which rose by 0.6%.
(With inputs from agencies.)
