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FTSE buoyed by gains in AB Foods, trade hopes

Published 05/11/2019, 09:28
Updated 05/11/2019, 09:36
© Reuters.  FTSE buoyed by gains in AB Foods, trade hopes
UK100
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ABF
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WEIR
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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 down 0.1%

* AB Foods gains after annual results

* Miners provide biggest boost to main bourse

Nov 5 (Reuters) - London's FTSE 100 was lifted by a near 5%

jump in Primark owner A.B. Foods following its strong forecast

on Tuesday, while miners gained on brighter hopes of a

U.S.-China trade deal.

The FTSE 100 .FTSE rose 0.1% by 0810 GMT, holding at a

one-month high it touched in the previous session, while the

midcap index .FTMC dipped 0.1% due to a sell-off in industrial

stocks after Weir Group's WEIR.L underwhelming outlook.

Associated British Foods ABF.L was on track for its best

day in more than 10 months after it posted higher annual

earnings and said it was well-positioned for further earnings

growth in the new 2019-20 year.

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