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Reopening hopes power London shares; Aston Martin soars

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

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