Reckitt Benckiser jumps on beating estimates for sales growth
Burberry falls after rival Kering39;s profit warning
FTSE 100 up 0.5, FTSE 250 flat

April 24 Reuters Britain39;s FTSE 100 index extended its record run on Wednesday as a strong earnings update from Reckitt Benckiser and gains in commodity stocks offset losses in Burberry and Lloyds Banking Group.

The bluechip FTSE 100 rose 0.5 to 8,086.77 points, topping the previous session39;s peak of 8,076.52.

The benchmark was also on track for its sixth consecutive session of gains, the first such winning streak since August 2023.

Sentiment about the UK does seem to be shifting. Investors are waking up to the fact that good companies in the UK are cheap and maybe there is another option, said Danni Hewson, head of financial analysis at AJ Bell.

Reckitt Benckiser jumped 5.5, on track for its biggest percentage gain in more than two years, after its quarterly likeforlike sales growth beat estimates and the consumer goods group said it was on track to meet fullyear revenue and profit targets.

Reckitt has walked a fine line, but a good clever line in order to keep its products at a level where people find them stretchable but affordable, Hewson added.

Shares of mining giants such as Rio Tinto, Antofagasta and Glencore rose between 1.7 and 3.4 as prices of most metals climbed on the back of a weaker U.S. dollar.

On the flipside, Burberry fell 2.1, the worst performer on the FTSE 100, after French rival Kering…