* FTSE 100 up 0.3 pct at close
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* NMC Health hits record high(Recasts, adds quote and detail, updates prices at close)
By Danilo Masoni and Kit Rees
The country's blue chip FTSE benchmark index endedthe session 0.3 percent higher at 7,224.51 points, whilemid-caps gained 0.6 percent as investors digested a number ofearnings updates.
"Overall the February jobs report is the best of both worlds- strong job growth without accelerating wage inflation. It’snot too hot, not too cold, a Goldilocks report," Alec Young,managing director of global markets research at FTSE Russell,said.
While higher interest rates are a positive for banks, theycan make equities as an asset class broadly less attractive asbond yields rise.
Other supportive developments included
Among individual movers, the biggest FTSE gainer was NMCHealth, which briefly touched a record high following awell-received trading update.
The
On the midcap index, Renewi fell 4.3 percent afterthe waste-to-product company said it would take an impairmentcharge following the review of contracts in its
Inmarsat dropped 6.7 percent after a quarterlyupdate which was in line with expectations. Morgan Stanleyanalysts said comments around its government business werecautious, indicating that consensus expectations for 2019revenue growth of 5 percent were too high.
GVC Holdings rose 5 percent after the onlinegambling firm saw full-year net gaming revenue rise 17 percentin 2017, helped by gains from the bwin.party businesses itbought three years ago. GVC is set to take over