However, not all sectors fared well. BP's net profit plunged 48%, dragging the energy sector down by 1.2%. The parent company of Primark, AB Foods, saw its half - year profit decline 10%, causing its share price to plummet 9.2%. On the policy front, Chancellor of the Exchequer Reeves has submitted the first mandatory cryptocurrency - asset regulatory bill, aiming to license exchanges. In terms of economic data, the inflation rate of UK groceries rebounded to 3.8% in April, indicating a resurgence of food - price pressure.

Market analysts suggest that the Trump administration's statement on alleviating the impact of car tariffs, combined with the divergence in corporate earnings reports, has jointly shaped the rotation trend among sectors. As the UK stock market continues to evolve, investors are keeping a close eye on how these factors will further influence the market in the future.