October 1, 2019 / 7:24 AM / 2 months ago

UK shares climb higher; Ferguson advances

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* FTSE 100 up 0.3%, FTSE 250 rises 0.2%

* Investors hope for resolution to trade war, Brexit chaos

* Ferguson rises after FY results

Oct 1 (Reuters) - London’s FTSE 100 edged higher on Tuesday, starting the quarter on an upbeat note after a rebound in oil stocks and a rise in plumbing parts distributor Ferguson following its annual results.

The blue-chip index added 0.3% and the FTSE 250 gained 0.2% by 0705 GMT, partly helped by hopes that the final quarter of the year would bring resolution to the U.S.-China dispute as well as the protracted Brexit process.

The main index was also supported by a 2.2% gain in Ferguson after the company posted a better-than-expected rise in full-year profit. Oil majors Shell and BP bounced back after trading lower in the previous session. (Reporting by Muvija M and Shashwat Awasthi in Bengaluru; Editing by Bernard Orr)

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