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London stocks rise on optimism over swift economic recovery

Published 01/04/2021, 08:18
Updated 01/04/2021, 08:24
© Reuters.
UK100
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NXT
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REL
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RIO
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AAL
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BHPB
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BAES
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FTMC
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QLT
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(For a Reuters live blog on U.S., UK and European stock
markets, click LIVE/ or type LIVE/ in a news window)
* Both FTSE 100 and FTSE 250 up 0.3%

April 1 (Reuters) - British shares tracked gains in Asian
peers on Thursday, lifted by hopes of a swifter economic rebound
this year, while Quilter rose after agreeing to sell its
international business to Utmost Group.
The blue-chip FTSE 100 index .FTSE rose 0.3%, with
industrials and consumer discretionary stocks, mainly BAE
Systems Plc BAES.L , Relx Plc REL.L , Next Plc NXT.L and
Compass group Plc, being the biggest gainers.
Mining stocks, including Rio Tinto RIO.L , Anglo American
AAL.L and BHP BHPB.L , were also among the biggest boosts on
the index.
Global equities crept higher on hopes of a stronger U.S.
economy, as investors parsed details of a $2 trillion U.S.
government spending plan and hoped for strong jobs data later in
the week. MKTS/GLOB
The domestically focused mid-cap FTSE 250 index .FTMC
climbed 0.3%, led by industrials and real estate stocks.
Quilter QLT.L rose 2.0%, after it agreed to sell its
international business to specialist life assurance company
Utmost Group for 483 million pounds ($664.37 million), as it
sharpens its focus on its UK wealth management unit.
Fashion retailer Next NXT.L rose 4.2%, even after it
reported a halving in annual pretax profit after COVID-19
lockdowns closed its stores but raised its forecast for a big
rebound this year.

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