Join +750K new investors every month who copy stock picks from billionaire's portfoliosSign Up Free

Reopening hopes power London shares; Aston Martin soars

Published 26/05/2020, 08:20
© Reuters.
BP
-
FTNMX301010
-
FTNMX501010
-
FTNMX405010
-
AML
-

(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
* FTSE 100 up 1.9%, FTSE 250 adds 2.4%

May 26 (Reuters) - London-listed shares jumped on Tuesday as
Prime Minister Boris Johnson set out plans to reopen thousands
of high street shops next month from a coronavirus-induced
lockdown, while Aston Martin soared after naming a new chief
executive officer.
The luxury carmaker AML.L surged 24.8% and was on course
for its best day in nearly two months as it said Tobias Moers,
CEO of Mercedes-AMG, would become its CEO on Aug. 1, replacing
Andy Palmer who stepped down on Monday. The blue-chip FTSE 100 was up 1.9% and the mid-cap FTSE 250
2.4%, joining in a global rally as hopes of more stimulus from
China helped investors look past simmering Sino-U.S. tensions.
MKTS/GLOB
BP Plc BP.L and Royal Dutch Shell Plc RDA.L jumped 2.9%
and 4.3%, respectively, with oil prices jumping on optimism that
a revival in business activity would bring back demand for the
commodity. O/R
Only three stocks on the FTSE 100 were trading in the red,
with early gains led by the travel and leisure .FTNMX5750 ,
construction .FTNMX2350 and banking .FTNMX8350 sectors.

Latest comments

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.