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London stocks rise on swift economic recovery, U.S. stimulus optimism

Published 21/01/2021, 09:19
© Reuters.
UK100
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IGG
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FTMC
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ENT
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PETSP
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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)
* FTSE 100 up 0.5%, FTSE 250 adds 0.3%

Jan 21 (Reuters) - British shares tracked gains in Asian
peers on Thursday, lifted by hopes of a swifter economic rebound
this year and more U.S. stimulus, while Pets at Home headed
higher after reporting upbeat quarterly results.
The blue-chip FTSE 100 index .FTSE gained 0.5% by 0804
GMT, while Asian shares hit a record high. MKTS/GLOB
The domestically focussed FTSE 250 index .FTMC added 0.3%,
with industrial stocks leading the gains.
Bank of England Governor Andrew Bailey said he expected
Britain's economy to recover strongly as the country moves ahead
with vaccinating its population against COVID-19. Pets at Home Group Plc PETSP.L rose 0.4% after reporting
an 18% jump in third-quarter revenue, helped by higher demand
for its accessories and veterinary services. Sports betting and gaming company Entain Plc ENT.L climbed
0.9% after naming non-executive director Jette Nygaard-Andersen
as its top boss, making her the first woman to lead a company in
the UK gambling industry. Trading platform IG Group IGG.L fell 1.6% after it said it
planned to buy online brokerage tastytrade for $1 billion, as it
ramps up its presence in the United States after a stellar year
for the industry.

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