July 30, 2019 / 7:28 AM / 7 months ago

BP surge lifts FTSE 100 to 11-mth high; Centrica slumps

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* FTSE 100, FTSE 250 up 0.2%

* BP boosts main index as Q2 profit beats

* Centrica tanks to lowest since Aug. 1998

* Reckitt slips after forecast cut

July 30 (Reuters) - A surge in oil major BP offset steep losses in consumer goods giant Reckitt Benckiser and energy utility Centrica and lifted London’s FTSE 100 to a fresh 11-month high on Tuesday.

The main index added 0.2%, with BP providing the biggest boost to the index after the company’s second-quarter profit topped estimates. The mid-cap FTSE 250 also rose 0.2% by 0707 GMT.

British Gas parent Centrica sank 10.1% to its lowest level in more than two decades as it slashed its dividend and said its chief executive would step down.

Reckitt lost 5.3% after the maker of Durex condom and Lysol disinfectant cut its full-year revenue view and said a slowdown in demand for infant formula in the United States and China had hit second-quarter sales. (Reporting by Shashwat Awasthi in Bengaluru Editing by Saumyadeb Chakrabarty)

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