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London stocks gain as 'careful' UK easing begins

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

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