By Shashwat Awasthi and Muvija M. March 6 (Reuters) - Britain's FTSE 100 inched up on Wednesday as tobacco stocks gained on U.S. FDA Commissioner Scott Gottlieb's departure and DS Smith rose after selling its plastics division, while Legal & General slipped after results. The FTSE 100 gained for the fourth straight session and closed 0.2 percent higher, while the FTSE 250 was 0.4 percent lower as a weaker pound weighed. British American Tobacco advanced 5.2 percent to a near four-month high and Imperial Brands rose 1.3 percent after U.S. FDA Commissioner Gottlieb, who strove to curb use of flavoured e-cigarettes, said he would step down next month. Packaging firm DS Smith added 3.7 percent after agreeing to sell its plastics division to private equity firm Olympus Partners for an enterprise value of $585 million.
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Apr 23, 2019