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Financials, miners lead FTSE 100 higher; Funding Circle slumps

Published 02/07/2019, 08:19
Updated 02/07/2019, 08:20
Financials, miners lead FTSE 100 higher; Funding Circle slumps
UK100
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FTMC
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FTNMX301010
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PLUSP
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FCH
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(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
* FTSE 100, FTSE 250 up 0.2%
* Funding Circle slumps after cutting revenue outlook
* Online trading platform Plus500 up nearly 9%

July 2 (Reuters) - Britain's FTSE 100 climbed on Tuesday, as
investors shrugged off the implications of weak U.S.
manufacturing data and concerns over Washington's trade deal
with Beijing, while mid-cap Funding Circle tanked after cutting
its revenue forecast.
The FTSE 100 .FTSE and the mid-cap FTSE 250 .FTMC rose
0.2% by 0706 GMT.
In early deals, the main index was partly boosted by
financial stocks .FTNMX8350 , which advanced for a third
straight session, while gains in miners also supported the
blue-chip bourse.
On the FTSE 250, Funding Circle FCH.L plummeted 24% to an
all-time low after it halved its 2019 revenue growth forecast
due to reduced demand for loans from its peer-to-peer lending
platform. But online trading platform Plus500 PLUSP.L jumped nearly
9% after posting higher second-quarter revenue, as signs of
reduced levels of marketing across its peer group in part bumped
up its customer numbers.

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