FTSE 100 up 0.5, FTSE 250 adds 0.4 Experian jumps on upbeat revenue growth forecast
Burberry falls after reporting 34 drop in annual operating profit
US CPI data due at 1230 GMT

May 15 Reuters Britain39;s FTSE 100 cruised to a record high on Wednesday led by Experian on upbeat annual revenue forecast, while investors watched out for the U.S. consumer price index data for clues on the Federal Reserve39;s first interest rate cut.

The bluechip FTSE 100 was up 0.5 at 0819 GMT after hitting a record high of 8,474.41 points in opening trade.

The midcap FTSE 250 rose 0.4, and was hovering just below the key 21,000 mark.

Credit data firm Experian provided a big boost FTSE 100 with a 7.6 jump after it forecast annual organic revenue growth of between 6 and 8 for fiscal year 2025.

Gains in Experian lifted the industrial support services sector by 3.3 to a more than twoyear high.

Investors are on guard for the U.S. CPI, due at 1230 GMT, to assess the timeframe in which the Fed might begin lowering rates.

Sentiment was further boosted after Fed Chair Jerome Powell reiterated on Tuesday that the U.S. central bank is unlikely to hike rates after mixed producer price index data.

Sentiment is positive at the moment on the back of the U.S. data which was not as expected, but the markets39; still showing that it39;s got a positive side to it, said Christopher Peters, trading floor manager at Accendo Markets.

Among other movers, Imperial Brands gained 4.3 after the cigarette…