(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
* FTSE 100 up 1.3%, FTSE 250 adds 1.1%
June 1 (Reuters) - London-listed shares rose more than 1% on
Monday as retailers began reopening stores following a
months-long coronavirus-led lockdown, with Primark owner pushing
ahead to restart business at all of its England shops on June
15.
Associated British Foods ABF.L , owner of the fashion
retailer, rose 3.1%, while the wider retailer index .FTNMX5370
added 1.0%. The blue-chip FTSE 100 .FTSE jumped 1.3%.
The domestically focussed mid-cap index .FTMC was also up
1.1%, building on a strong two-month rally that has been powered
by hopes the UK economy would rebound from a looming
coronavirus-fuelled global recession.
AstraZeneca Plc AZN.L rose 1.9% and was the biggest boost
to the FTSE 100 after its and U.S. drugmaker Merck & Co Inc's
MRK.N blockbuster cancer drug received a positive
recommendation from the European Medicines Agency (EMA) as a
maintenance treatment for a form of pancreatic cancer.
But Ted Baker TED.L slumped 23.7%. The fashion brand said
it would raise 95 million pounds ($117.84 million) through a
stock issue to help it ride out the coronavirus crisis, after
reporting a loss of 79.9 million pounds for the year to January.
- English (USA)
- English (UK)
- English (India)
- English (Canada)
- English (Australia)
- English (South Africa)
- English (Philippines)
- Deutsch
- Español (España)
- Español (México)
- Français
- Italiano
- Nederlands
- Português (Portugal)
- Polski
- Português (Brasil)
- Русский
- Türkçe
- العربية
- Ελληνικά
- Svenska
- Suomi
- עברית
- 日本語
- 한국어
- 简体中文
- 繁體中文
- Bahasa Indonesia
- Bahasa Melayu
- ไทย
- Tiếng Việt
- हिंदी
London stocks jump as retailers reopen after coronavirus shutdown
Published 01/06/2020, 08:24
Updated 01/06/2020, 08:30
London stocks jump as retailers reopen after coronavirus shutdown
Latest comments
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.