The UK’s FTSE 100 starts the week with caution. WPP Focuses on AI Partnerships

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  • FTSE 100 down 0.2%, FTSE 250 up 0.1%

May 30 (Reuters) – Britain’s FTSE 100 index started lower after a long weekend on Tuesday, but investors shunned big bets amid new concerns over Treasury trading, while advertising firm WPP is a chip maker. Recorded best day in over three weeks with NVIDIA. .

WPP Plc (WPP.L), the world’s largest advertising group, is on 2.9 after announcing a partnership with US-based chipmaker Nvidia (NVDA.O) to build generative AI-powered content for digital advertising. % soared.

The broader media sector (.FTUB4030), which makes up the stock, rose 0.4%.

The internationally watched FTSE 100 index (.FTSE) fell 0.2% as of 7:06 p.m. ET after several US Republican lawmakers announced their opposition to the US debt ceiling deal. bottom.

Mid-cap FTSE 250 (.FTMC) rose 0.1%.

Bunzl (BNZL.L) fell 1.1% after an office supplies distributor said it would buy safety businesses in Brazil and Spain.

Purple Bricks Group (PURP.L) surged 8.5 per cent after the online property firm said it had received a £1.5 million ($1.93 million) cash takeover offer from top shareholder Reklam Holdings.

Reported by Johann M. Cherian of Bangalore.Editing: Eileen Soren

Our standards: Thomson Reuters Trust Principles.



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