👀 Ones to watch: The MOST undervalued stocks to buy right nowSee Undervalued Stocks

London stocks gain as 'careful' UK easing begins

Published 11/05/2020, 08:23
Updated 11/05/2020, 08:24
© Reuters.
UK100
-
EZJ
-
FTMC
-
FTNMX301010
-
FTNMX303010
-
FTNMX551030
-

(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
* FTSE 100 up 0.9%, FTSE 250 rises 1.2%

May 11 (Reuters) - London-listed stocks rose on Monday as
investors pinned their hopes on a revival in business activity,
with Prime Minister Boris Johnson outlining plans to gradually
ease some coronavirus-induced lockdown measures.
While Johnson said on Sunday the lockdown will not end yet,
he announced a limited easing of restrictions, including
allowing people to exercise outside more often and encouraging
some people to return to work. The FTSE 100 .FTSE climbed 0.9% and the mid-cap FTSE 250
.FTMC added 1.2%, as traders returning from a long weekend
also caught up with strong gains in Europe on Friday, driven by
an easing in U.S.-China tensions.
On a slow company news day, early gains were driven by
battered life insurers .FTNMX8570 , banks .FTNMX8350 and
miners .FTNMX1770 .
EazyJet Plc EZJ.L , however, tumbled 4.2% to the bottom of
the FTSE 100 as Johnson said the UK would soon need to
quarantine people coming into the country by air to prevent a
second wave of coronavirus infections.

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.