HSBC upgraded Reckitt Benckiser on Wednesday to ‘buy’ from ‘hold’ and lifted the price target to 5,500p from 4,800p as it took a look at the outlook for consumer staples next year.

BA and Iberia owner IAG flew higher on Wednesday after Deutsche Bank upgraded the shares to ‘buy’ from ‘hold’ and hiked the price target to 400p from 215p.

London’s FTSE 100 was up 0.2% at 8,292.43 in afternoon trade on Wednesday.

HSBC upgraded Reckitt Benckiser on Wednesday to 'buy' from 'hold' and lifted its price target on the stock to 5,500.0p from 4,800.0p as it assessed the outlook for consumer staples in 2025.