UK equities head for best week since mid-March

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Reuters UK

By Sruthi Shankar (Reuters) – UK’s FTSE 100 inched higher on Friday, putting the blue-chip index on course for its best weekly showing since mid-March, although oil and gas stocks came under renewed pressure after the UK government’s windfall tax plan this week. The FTSE 100 rose 0.1%, with most European markets looking set to end the week higher, taking heart from a Wall Street rally after the Federal Reserve minutes suggested it could pause its rapid rate hikes later this year. [MKTS/GLOB] UK-listed global miners such as Glencore, Rio Tinto and Antofagasta rose about 2% each as copper and ir…

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