Investing.com - Financial Markets Worldwide
🤯 Have you seen our AI stock pickers’ 2024 results? 84.62%! Grab November’s list now.Pick Stocks with AI

London stocks gain, set for strong weekly gains on recovery hopes

Published 05/06/2020, 08:20
Updated 05/06/2020, 08:24
© Reuters.
UK100
-
BP
-
HBR
-
TW
-
FTMC
-
FTNMX405010
-

(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
* FTSE 100 up 0.9%, FTSE 250 adds 1.4%

June 5 (Reuters) - UK stocks rose on Friday and were set for
their third straight week of gains as optimism around a
post-coronavirus economic recovery drove investors back to
riskier assets, while housebuilder Taylor Wimpey jumped on a
rebound in bookings.
The firm TW.L added 3.2% and was among the top gainers on
the FTSE 100 .FTSE after it also said it had seen fewer
cancellations in Britain's nine-week lockdown than in the same
period last year. The blue-chip FTSE 100 .FTSE was up 0.9%, with travel
stocks .FTNMX5750 surging on a report saying https://www.ft.com/content/59fc4439-42b3-4de4-8276-5948d4514c4f
some European countries were keen to adopt "transport
corridors", which would let British holidaymakers visit
Mediterranean resorts without quarantining for 14 days on their
return.
The mid-cap FTSE 250 .FTMC was up 1.4%, with consumer
discretionary, industrial and financial stocks among the biggest
boosts.
Premier Oil PMO.L surged 11.6% after saying it would issue
discounted shares to activist hedge fund ARCM representing 8.91%
of the company to pay for North Sea assets from BP BP.L .

Latest comments

Install Our App
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.