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London stocks join Europe rally after bumper stimulus; Ted Baker surges

Published 21/07/2020, 08:34
© Reuters.
UK100
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FTMC
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FTNMX301010
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FTNMX401010
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FTUB3510
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ENT
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(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
* FTSE 100 up 0.5%, FTSE 250 adds 0.9%

July 21 (Reuters) - UK shares jumped on Tuesday, tracking
gains in Europe after EU leaders reached a "historic" stimulus
deal to shore up economies battered by the pandemic, while Ted
Baker TED.L surged on saying its performance was ahead of a
base case scenario.
Shares of Ted Baker soared 10.8% and were on course for
their best day in more than a month as the struggling fashion
retailer also said its online sales jumped 35% for the period
ended July 18. The blue-chip FTSE 100 .FTSE gained 0.5% and the mid-cap
FTSE 250 .FTMC rose 0.9%, led by autos .FTNMX3350 , banks
.FTNMX8350 and real estate stocks .FTUB8600 .
Stock markets in Europe .STOXX surged to their highest in
more than four months following the massive stimulus plan that
paves the way for the European Commission, the EU's executive
arm, to raise billions of euros on capital markets on behalf of
all 27 states. .EU
However, Ladbrokes owner GVC Plc GVC.L slumped 7.9% after
saying British tax authorities had expanded an investigation
into the gambling company's former online business in Turkey to
include unidentified entities within the group.

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