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London stocks gain amid pullback in new virus cases

Published 12/02/2020, 09:22
Updated 12/02/2020, 09:27
© Reuters.  London stocks gain amid pullback in new virus cases
UK100
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BP
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SHEL
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FTMC
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DNLM
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PLUSP
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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 up 0.1%

* Slowdown in new coronavirus cases continues

* BP , Shell boost main bourse

* Dunelm, Plus500 gain among midcaps

Feb 12 (Reuters) - UK shares inched higher on Wednesday,

with heavyweight oil firms supporting gains on the main index,

as investors continued to take comfort from a drop in the number

of new coronavirus cases reported in China.

China on Wednesday reported its lowest number of new

coronavirus cases since late January, leading some experts to

suggest the outbreak may plateau and subside soon. That helped

the FTSE 100 .FTSE climb 0.2% in early deals. Oil majors Shell RDSa.L and BP BP.L were the biggest

boosts to the blue-chips, as they tracked a surge in crude

prices. O/R

The mid-cap FTSE 250 .FTMC edged 0.1% higher, helped by a

4% gain in home furnishings retailer Dunelm DNLM.L after an

upbeat profit forecast and online trading platform Plus500

PLUSP.L , which also added about 4%.

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