FTSE 100 Live: Stocks creep higher as Segro surges, but gold tests 7-month lows

FTSE 100 trading is creeping higher with Segro leading gains, while gold is testing seven-month lows and oil slips. By around 12.22pm, the index was hovering just above flat, up 18 points to 10,447, supported by an 18% rise for Segro and strength across parts of the property sector. Property peers were broadly higher, alongside gains of at least 2% in consumer and cyclicals such as Games Workshop, Haleon, Whitbread, Howden’s and M&S. The downside came from heavy hitters, with HSBC, Shell and Rio Tinto among the biggest fallers, and BP, Glencore, BAE and Anglo American down more than 1%. In FX, the pound hit its highest versus the euro since last August at €1.1603, but slid versus the dollar to $1.3159, as the US dollar index rose above 101.6. Investors also awaited Micron’s post-close results, new US home sales and building permit data.