UK FTSE indices rise as investors await inflation data, while high‑yield Renewables Infrastructure stock trades at a big

The FTSE 100 closed at its highest level since late May, up about 1.6%, and the FTSE 250 also posted gains, driven by optimism over a possible US‑Iran peace deal and anticipation of the United Kingdom’s consumer‑price index on June 17 and the Bank of England’s rate decision on June 18. A Reuters poll of 65 economists expects the Bank Rate to stay at 3.75%, although some see a possible hike later in the year. Sector‑by‑sector, travel and leisure stocks rose nearly 4%, banks jumped about 4.2% and aerospace and defence climbed 2.2%, while energy fell on lower oil prices.

Within the FTSE 250, Renewables Infrastructure Group (LSE: TRIG) attracted attention for its 10.3% dividend yield. The company owns a 2.3 GW portfolio of wind, solar and battery assets across six European markets, with revenues largely secured by fixed‑price contracts and the bulk of its debt at fixed rates. Despite a 25% dividend increase since its IPO, TRIG’s shares trade about 30.7% below net asset value, a discount the firm attributes to persistently high interest rates. Management plans to raise £400 million through asset disposals to reduce debt and fund share buy‑backs, positioning the stock as a potential income play if rates ease, but also warning that a prolonged rate‑rise environment could keep the discount in place.