It gained 136 factors, shifting 1.82% greater, to shut at 7,628.21.
The buoyant temper got here as yields on UK bonds, or authorities debt, eased after not too long ago hitting new highs amid considerations over rates of interest staying greater for longer.
It was a robust begin to buying and selling within the US with the S&P 500 up 1% and Dow Jones up 0.75% by the point European markets closed.
“Dovish Fed comments that the recent run-up in yields might reduce the need for further rate hikes lowered expectations of another rate rise and led to a stock market rally,” mentioned Axel Rudolph, senior market analyst at IG.
He added: “Due to colder weather forecasts and suppliers worrying about increased demand the natural gas price shot up to a six-month high in Europe and a 10-month high in the US.”
UK fuel costs jumped by greater than 12% on Tuesday afternoon, reaching the best stage for round two weeks.
Meanwhile, the worth of Brent crude oil fell by 0.92% to 87.34 {dollars} per barrel.
The pound jumped by about 0.4% in opposition to the US greenback to 1.229, and was flat in opposition to the euro to 1.157.
In firm news, shares in Greencore soared by greater than a fifth after the UK’s largest sandwich maker upgraded its revenue forecast for the 12 months and mentioned it expects revenues to have risen by a tenth.
The enterprise – which provides sandwiches, salads and sushi to all main British supermarkets – mentioned it was happy with its monetary efficiency over the second half of the 12 months in opposition to inflation and a difficult shopper setting.
Greencore’s share worth surged following the replace and closed 22.2% greater.
Elsewhere, shares in Currys additionally loved a lift after the electronics retailer revealed that it has been approached by a number of potential patrons for its Greek and Cypriot division.
The firm mentioned it obtained bids after placing the unit up for evaluate and June, and it was within the strategy of assessing the affords. Its share worth closed 5% greater.
The greatest risers on the FTSE 100 have been Ocado, up 37.6p to 600p, Anglo American, up 121p to 2,269.5p, Flutter Entertainment, up 670p to 1,3640p, Antofagasta, up 62p to 1,445p, and Entain, up 40.6p to 962p.
The solely faller on the FTSE 100 was Spirax-Sarco Engineering.
