FTSE 100 rises on oil boost, mid-caps set for fifth straight weekly fall

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(For a Businesshala Live blog on the US, UK and European stock markets, click/ or type live/ in a news window)

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* FTSE 100 up 0.3%, FTSE 250 up 0.2%

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October 8 (Businesshala) – London’s FTSE 100 rose on Friday led by heavyweight oil stocks, while engineering firm Wear Group slipped after saying it was hit by a ransomware attack attempt in the third quarter.

The commodity-heavy FTSE 100 rose 0.3% as of 0704 GMT, with BP and Royal Dutch Shell up 1.4% and 1.6%, respectively, while miners added 0.5%, among the top boosts in the index. was one of

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The domestically focused mid-cap index rose 0.2%, with travel stocks leading the way, jumping 1%. Britain was set to end strict COVID-19 quarantine requirements for 47 destinations.

However, the UK mid-caps were set for a fifth consecutive weekly loss and had their worst losing streak in a week since December 2018, as inflation concerns weighed in.

Heroic Group fell 6.2% after being the target of a ransomware attack attempt in the second half of September, which affected its third-quarter profit.

Czech trucking services firm Eurovag dropped 10% after the price of its initial public offering on the London Stock Exchange fell below the previously stated price range. (Reporting by Bansari Mayur Kamdar; Editing by Uttaresh. V)

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