FTSE 100 and FTSE 250 flat

Dec 13 Reuters UK39;s FTSE 100 was muted on Tuesday as gains in energy stocks were offset by weakness in consumer staples, dragged by a decline in British American Tobacco.

The bluechip FTSE 100 was up 0.01, while the midcap FTSE 250 was also flat by 819 GMT.

British American Tobacco dropped 0.9 after the U.S. Supreme Court denied an emergency request to put on hold the ban on selling all flavoured tobacco products in California. The FTSE 350 Food, Beverage and Tobacco index lost 0.7.

However, energy stocks climbed 1.1 as supply challenges in the U.S. bumped up crude prices.

Holiday Inn owner IHG rose 0.2 on promoting Michael Glover, to the role of chief financial officer starting March 2023, succeeding Paul EdgecliffeJohnson.

Meanwhile, data showed that wagegrowth rose by 6.1 in the month of October ahead of the Bank of England39;s rate hiking meeting on Thursday.

Reporting by Johann M Cherian in Bengaluru; Editing by Nivedita Bhattacharjee

Source Reuters