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Miners, energy stocks lift UK shares on U.S. stimulus cheer

Published 11/03/2021, 09:16
Updated 11/03/2021, 09:18
© Reuters.
UK100
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BP
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MRW
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RDSa
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RIO
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AAL
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IGG
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FTMC
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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 0.4%, FTSE 250 adds 0.6%

March 11 (Reuters) - British shares rose on Thursday, as
higher commodity prices boosted mining and energy stocks after
the United States moved to pass a massive stimulus bill, while
online trading platform IG jumped on a surge in third-quarter
revenue.
The blue-chip FTSE 100 index .FTSE rose 0.4%, with mining
stocks, including Rio Tinto RIO.L , Anglo American AAL.L and
BHP Group BHPB.L , gaining between 1.2% and 2.6%. MET/L
Oil heavyweights BP BP.L and Royal Dutch Shell RDSa.L
were also among the biggest boosts as oil prices rose. O/R
The U.S. House of Representatives gave final approval on
Wednesday to one of the largest economic stimulus measures in
American history, a sweeping $1.9 trillion COVID-19 relief bill.
The slow start to 2021 for Britain's housing market
stretched into February, before Finance Minister Rishi Sunak
announced new measures that could revive a property boom that
began after the first COVID lockdown last year, a survey showed.
The domestically focused mid-cap FTSE 250 index .FTMC rose
0.6%, led by industrials stocks.
Supermarket group Morrisons MRW.L fell 0.2%, after its
annual profit halved as a COVID-19-related jump in sales was
more than offset by the huge extra costs of the crisis.
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IG Group IGG.L rose 4.4%, after a surge in third-quarter
revenue despite a tough comparative, driven by high levels of
trading during the period that saw a so-called retail frenzy in
financial markets.

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