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FTSE 100 bounces back, Experian's outlook helps main board

Published 12/11/2019, 09:25
Updated 12/11/2019, 09:27
© Reuters.  FTSE 100 bounces back, Experian's outlook helps main board
UK100
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AVV
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FTMC
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EXPN
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BMEB
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(For a live blog on European stocks, type LIVE/ in an Eikon

news window)

* FTSE 100 up 0.4%, FTSE 250 up 0.1%

* Data provider Experian tops main index

* Discounter B&M weighs on midcap

Nov 12 (Reuters) - UK blue-chip stocks edged higher on

Tuesday, attempting to recover after being hit by escalating

Hong Kong tensions and downbeat trade rhetoric in the previous

session, while credit data firm Experian boosted the main board

after it upgraded its revenue target.

The FTSE 100 .FTSE was up 0.4% as at 0805 GMT, and the

midcap index .FTMC rose 0.1%, a day after Brexit Party leader

Nigel Farage gave Tories a massive boost by saying he would not

contest in the Dec. 12 election.

Among blue-chips, Experian EXPN.L climbed nearly 3% after

it upgraded organic revenue growth target on the back of strong

business in its main North American market, while industrial

software company AVEVA AVV.L added 2.7% after upbeat results.

Discounter B&M European Value Retail BMEB.L weighed on the

midcap index with a 10% drop, after it said it was undertaking a

review of its German unit to decide the future of the poorly

performing business.

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