Glencore climbs on upbeat outlook for its trading unit
Tesco says customers changing behaviour as inflation hits
Both the indexes set for third straight weekly fall
FTSE 100 up 0.6, FTSE 250 adds 1.2

June 17 Reuters UK stocks rose on Friday, with miner Glencore and media company Future gaining on strong outlook, although worries about sluggish economic growth put the main indexes on course for their third straight week of fall.

The FTSE 100 index was up 0.6 by 0818 GMT in choppy trading. Shares of Glencore jumped 3.4 to the top of index after forecasting more than 3.2 billion in halfyear adjusted operating profit for its trading division.

Spirits maker Diageo provided the secondbiggest boost to the index with a 2.6 rise.

The domestically focused midcap FTSE 250 index advanced 1.2, powered by a 5.4 surge in shares of Future after the company reaffirmed it is on track to achieve fullyear 2022 guidance.

Both the indexes slumped more than 3 on Thursday after a cautious rate hike by Bank of England spurred hopes of bigger increases in next few meetings, as it sees inflation topping 11 and warned that the British economy would shrink in the AprilJune quarter.

The more aggressive line by central banks adds to headwinds for both economic growth and equities, Mark Haefele, chief investment officer at UBS Global Wealth Management said in a note.

Against this backdrop, we now see less upside for stocks this year, with slowing economic growth weighing on profit growth and…