Lingering hopes of Brexit deal lift UK stocks

Published 15/10/2019, 08:29
© Reuters.  Lingering hopes of Brexit deal lift UK stocks
UK100
-
LLOY
-
NWG
-
FTMC
-
FTNMX402020
-
INOV
-

(For a live blog on European stocks, type LIVE/ in an Eikon

news window)

* FTSE 100 up 0.3%, FTSE 250 up 0.9%

* Domestic stocks gain on lingering Brexit deal hopes

* Neil Woodford's listed fund hits record low

Oct 15 (Reuters) - Britain's domestically exposed stocks

rallied on Tuesday amid hopes that a Brexit deal could be

clinched before Oct. 31, while Neil Woodford's listed fund sank

to a record low after a decision to wind up the money manager's

suspended fund.

The FTSE 250 .FTMC , which had surged more than 4% last

Friday after positive Brexit signals from Ireland, added 0.9% by

0705 GMT. Britain and the European Union are set for crunch

Brexit talks at a summit on Thursday and Friday. The FTSE 100 .FTSE rose 0.3%, helped by UK-focussed banks

Lloyds LLOY.L and RBS RBS.L , and stocks considered most

sensitive to any Brexit fallout such as housebuilders

.FTNMX3720 .

Woodford Patient Capital Trust WPCT.L tumbled 8% after the

corporate director of Neil Woodford's suspended LF Woodford

Equity Income Fund said the fund is to be wound up.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2024 - Fusion Media Limited. All Rights Reserved.