Blazing Star Merger Sub completes Walgreens debt tender offer
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* FTSE 100 up 0.6%, FTSE 250 up 0.7%
* China to reduce tariffs on some U.S. imports
* Royal Mail skids after trading update
Feb 6 (Reuters) - UK shares advanced for the fourth straight
session on Thursday as risk sentiment picked up further after
China pledged to halve tariffs on some U.S. imports, though
Royal Mail slid to an all-time low after pointing to a
challenging year ahead.
China will cut additional tariffs levied against 1,717 U.S.
goods last year, after a Phase 1 trade deal was signed last
month, and as fears persist over the coronavirus outbreak, which
has killed more than 550 people. The FTSE 100 .FTSE jumped 0.6%. Caterer Compass Group
CPG.L reported higher quarterly revenue and was among the top
gainers. The FTSE 250 rose 0.7%, boosted by an 8% rise in
insurer Beazley as its 2019 profit surged. Royal Mail RMG.L sank 10% after it warned outlook for the
2020-21 fiscal year was "challenging" and said the threat of a
labour strike in late 2019 hurt parcel revenue growth during the
Christmas period.