Diageo up after Remy Cointreau39;s sales beat
UK consumer sentiment at twoyear high GfK
FTSE 100 up 1.1, FTSE 250 adds 0.2

Jan 26 Reuters The UK39;s FTSE 100 looked set to post strong weekly gains on Friday as upbeat earnings from European luxury firms boosted shares of Burberry and Diageo, while investors took comfort from data that showed UK consumer sentiment hit a twoyear high.

The FTSE 100 climbed 1.1 to hit a more than 10day high.

French giant LVMH jumped 9.9 after posting a 10 rise in fourthquarter sales. British luxury group Burberry climbed 2.4.

Johnnie Walker whisky maker Diageo added 3.9 after French spirits maker Remy Cointreau beat thirdquarter sales expectations.

British consumers are their most confident since January 2022 as lower inflation helped them to feel better about their finances, a GfK survey on Thursday showed.

So while there39;s still clearly further room for things to improve, the average consumer39;s concerns are reducing as hopes for interest rate cuts and lower inflation trickle through, noted Sophie LundYates, lead equity analyst, Hargreaves Lansdown.

Retailers who have faced a tough Christmas will be hoping these better moods translate into improved spending.

Adding to the upbeat sentiment, New York39;s SP 500 closed at an alltime high for a fifth straight session on Thursday after data showed the U.S. economy grew faster than expected in the fourth quarter amid strong consumer spending.

The UK39;s domestically focussed FTSE…