Miners rise after positive China data
Vistry soars on business unit merger
AstraZeneca falls after report on CEO stepdown
FTSE 100 up 0.4, FTSE 250 adds 0.5
Sept 11 Reuters The UK39;s FTSE 100 index hit a onemonth high on Monday, boosted by miners after positive China data signalled stability in the world39;s secondlargest economy, while shares of homebuilder Vistry jumped after it merged its business units to focus on building affordable homes.
The bluechip FTSE 100 index rose 0.4 by 0826 GMT, gaining for a thirdconsecutive session, while the midcap FTSE 250 index gained 0.5.
Data showed China39;s consumer prices returned to positive territory in August, while the country39;s new bank loans jumped more than expected, reflecting signs of economic stabilisation in the top metals consumer.
Industrial metal miners gained 2.8.
Volatile commodity prices and concerns of slowing demand have hammered Chinaexposed miner stocks this year as the world39;s biggest oil and metals consumer struggles to revive its sluggish economy.
Vistry Group jumped 12.9 after the British homebuilder said it will shift its entire focus onto its affordable homes business, while maintaining its annual profit outlook.
The broader homebuilders index soared 3.9, hitting a near onemonth high and led sectoral gains.
This shift to more defensive highreturn business focusing on affordable housing is understandable, given consumers39; concerns about super high interest rates and just how…