The FTSE 100 rose more than 0.5% on Thursday, recovering recent ground as risk sentiment improved after President Donald Trump dropped his tariff threat linked to Greenland. Trump said he would refrain from imposing tariffs on European countries opposing his plans to take control of Greenland, easing fears of an escalation in trade tensions. He added that a framework for a future deal had been discussed following a meeting with NATO Secretary General Mark Rutte, though no details were provided. Most sectors traded in positive territory. Among individual stocks, ABF rose nearly 1% after backing its full year outlook, despite reporting a fall in like for like sales at Primark in Q1. On the other hand, B&M fell almost 3% after the discount retailer cut guidance again and said it would increase investment to turn around the business. On the data front, the UK public sector budget deficit narrowed to £11.6 billion in December, below expectations and sharply lower than a year earlier.
