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Banks help FTSE 100 bounce back despite U.S.-China trade jitters

Published 09/10/2019, 08:29
Updated 09/10/2019, 08:30
© Reuters.  Banks help FTSE 100 bounce back despite U.S.-China trade jitters
UK100
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FTMC
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ENT
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(For a live blog on European stocks, type LIVE/ in an Eikon

news window)

* FTSE 100 up 0.1%, FTSE 250 rises 0.2%

* GVC gains after forecast upgrade

* Just Eat tops blue-chip risers

Oct 9 (Reuters) - Gains in financial shares helped London

stocks stage a recovery on Wednesday, even as the U.S.-China

relationship strained ahead of a critical two-day meeting where

the economic powerhouses will try to reach a resolution on

trade.

The FTSE 100 .FTSE edged up 0.1% by 0705 GMT, while the

FTSE 250 .FTMC rose 0.2%.

Just Eat JE.L climbed 1.4% to top gainers on the blue-chip

bourse after its Dutch rival Takeaway.com TKWY.AS reported a

surge in quarterly orders. Among midcaps, GVC GVC.L added 3%. The Ladbrokes owner

boosted its annual core earnings target for the second time in

three months on robust demand in its betting shops despite

tighter regulation.

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