FTSE 100 up 0.2, FTSE 250 adds 0.1
Vodafone jumps after meeting market expectations
Flutter Entertainment drops after Q1 results
British wages exbonuses grew 0.6

May 14 Reuters London stocks gained some ground on Tuesday led by advances in the personal goods sector amid labour market data that showed wages grew strongerthanexpected, though a basket of mixed corporate updates kept investor optimism in check.

The benchmark index FTSE 100 was up 0.2 and the midcap FTSE 250 index edged 0.1 higher. A lot rides on CPI from the US tomorrow but we should prepare for some kind of consolidation, said Chris Beauchamp, chief market analyst at IG Group, adding that he did not expect a big move.

British wages excluding bonuses grew by a strongerthanexpected 6 in the first three months of 2024 compared with the same period a year earlier.

Still, money markets see a 5050 chance of a June rate cut.

Meanwhile, Bank of England Chief Economist Huw Pill said Britain39;s labour market remains tight by historical standards despite some signs of a rise in unemployment and a gradual slowdown in the pace of pay growth.

Shares of personal goods led the gains among sectors, rising 1.5 as Watches Of Switzerland got a hike in target price from Goldman Sachs.

Vodafone rose 2.9 after the telecom operator met market forecasts for the year to endMarch.

Flutter Entertainment dragged the travel and leisure sector to the bottom with a 1.7 drop after the largest online betting company reported its…