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Lingering hopes of Brexit deal lift UK stocks

Published 15/10/2019, 08:29
© Reuters.  Lingering hopes of Brexit deal lift UK stocks
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(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.

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