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UK stocks jump on stimulus prospects, election polls

Published 19/11/2019, 09:31
© Reuters.  UK stocks jump on stimulus prospects, election polls

(For a live blog on European stocks, type LIVE/ in an Eikon

news window)

* FTSE 100, FTSE 250 up 0.5%

* Halma tops gainers on main index

* LED maker Dialight tanks after profit alert

Nov 19 (Reuters) - UK shares were pushed higher on Tuesday

by Asia-focussed financials that rose after China's surprise cut

to a key lending rate and as general election hopes remained,

while blue-chip Halma surged 7%.

The FTSE 100 .FTSE added 0.5% by 0814 GMT, led by safety

equipment maker Halma HLMA.L after an upbeat half-year report,

while the FTSE 250 .FTMC held at a 14-month high hit in the

prior session on optimism ahead of the UK election.

The midcaps also rose 0.5% with Cobham COB.L gaining 4%

after the British government said it is minded to allow Advent's

purchase of the UK-listed firm.

Lights manufacturer Dialight DIAL.L plunged 20.4% to its

lowest in nearly a decade on the small-cap index after it warned

on profit due to the U.S.-China trade war.

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