Consumer staples, healthcare firms gain
ASOS sees Q2 profit at bottom end of guidance
Close Brothers falls as Novitas provision drags 2023 profit
FTSE 100 up 0.2, FTSE 250 off 0.1

Sept 26 Reuters UK39;s FTSE 100 reversed early declines in choppy trading on Tuesday, helped by safehaven sectors like consumer staples and healthcare, while lender Close Brothers hit its lowest levels in a month after reporting annual results.

The midcap firm fell as much as 7 in early trading and was last down 3.8 after its annual financial results took a hit from increased provisions in relation to Novitas.

The midcap FTSE 250 index housing the merchant bank shed 0.1.

Close say they have made a good start to FY 2024, but it is clear that the group is still not firing on all cylinders, said Steve Clayton, head of equity funds at Hargreaves Lansdown.

The internationally focused FTSE 100 added 0.2, helped by sectors traditionally considered relatively resilient in the midst of economic downturns.

Healthcare firms and the FTSE 350 food beverage and tobacco sector housing consumer staples firms added 0.2 and 0.5, respectively. Investment banks gained 0.7.

Following hawkish statements by central bankers last week, concerns of interest rates staying higher for longer have lifted yields on government bonds globally, pressuring riskier assets like equities.

Among other movers, ASOS pared some losses and was last down 0.4 as the online fashion retailer reported a slump in fourthquarter…