SummarySummary Companies Travis Perkins falls, warns of downbeat profitUK inflation data, BoE rate decision due next weekFTSE 100 up 0.2%, FTSE 250 flatJune 16 (Reuters) - UK's FTSE 100 climbed on Friday, with defensive stocks such as utilities and healthcare leading the charge, while top building materials supplier Travis Perkins slumped after a profit warning.
The internationally-focused FTSE 100 (.FTSE) gained 0.2%, posting a weekly gain of 1%, snapping a three-week losing streak underpinned by strength in mining stocks.
Investors now look ahead to domestic inflation data and a probable 25-basis-point rate hike from the Bank of England next week.
"It looks like, at least at this point, that this is the central bank that's going to remain the most restrictive for the longest period of time."
A BoE survey showed the British public's expectations for inflation in the coming 12 months cooled in May.
Persons:
Travis Perkins, BoE, Julien Lafargue, Ankika Biswas, Shashwat Chauhan, Khushi Singh, Sherry Jacob, Phillips, Shailesh
Organizations:
U.S . Federal Reserve, European Central Bank, Bank of, ECB, Barclays Private Bank, FTSE, Britain's, Thomson
Locations:
Bank of England, Bengaluru