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London shares cling to gains on trade optimism despite mixed signals

Published 10/10/2019, 08:31
Updated 10/10/2019, 08:40
© Reuters.  London shares cling to gains on trade optimism despite mixed signals
UK100
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LVMH
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HRGV
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BRBY
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FTMC
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DNLM
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(For a live blog on European stocks, type LIVE/ in an Eikon

news window)

* FTSE 100 up 0.2%, FTSE 250 rises 0.3%

* Hargreaves Lansdown up after Q3 update

* Burberry bounces on LVMH results

Oct 10 (Reuters) - London's FTSE 100 inched up on Thursday,

as investors hoped for a U.S.-China trade deal despite mixed

media reports on where the two countries stand, while investment

platform Hargreaves Lansdown led gains after a strong trading

update.

The FTSE 100 index .FTSE was up 0.2% by 0707 GMT. The FTSE

250 .FTMC added 0.3%, though a 6.2% slide in Homewares

retailer Dunelm DNLM.L after third-quarter results limited

gains.

A report that the U.S. was mulling a currency agreement with

China as part of a partial deal that could see a planned tariff

hike next week being cancelled offered some respite to markets,

though a separate report said there was lack of progress in

deputy-level talks held this week. Among bluechips, Hargreaves Lansdown HRGV.L climbed 2.4%

after reporting a rise in total assets and luxury brand Burberry

BRBY.L added nearly 2% following French rival LVMH's LVMH.PA

robust quarterly results despite the Hong Kong protests.

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