UPDATE 2-Banks, mining stocks lift UK shares as lockdown begins to ease

© Reuters.

(For a Reuters live blog on U.S., UK and European stock
markets, click LIVE/ or type LIVE/ in a news window)
* British schools reopen
* Senior rises despite annual loss
* Pearson among top gainers on new boss's growth plans
* FTSE 100 up 1.3%, FTSE 250 adds 1.2%

(Updates to close)
By Shivani Kumaresan and Amal S
March 8 (Reuters) - British stocks ended higher on Monday,
led by gains in banks and mining stocks as optimism around a
swifter economic recovery and the easing of a stringent lockdown
lifted spirits.
The blue-chip FTSE 100 index .FTSE ended up 1.3%, with
bank stocks, HSBC Holdings HSBA.L , Lloyds Banking group
LLOY.L , and Barclays Plc BARC.L , gaining between 3.6% and
4.3%.
Mining stocks including Rio Tinto RIO.L , Glencore GLEN.L
and Anglo American AAL.L also boosted the index on stronger
metal prices. MET/L
"The market is following the optimism from the first day of
lockdown easing, as well a bit of good news from the U.S.
stimulus ... the virus is under control, lockdown coming to an
end and Brexit pretty much done and dusted," said Michael Baker,
analyst at ETX Capital.
The domestically focused mid-cap FTSE 250 index .FTMC rose
1.2%, with industrials and consumer discretionary stocks
supporting the index.
The FTSE 100 and the mid-cap index have recovered more than
36% and 70%, respectively, from a coronavirus-driven crash last
year on hopes of a swift economic recovery this year.
Last week, Britain's finance minister, Rishi Sunak,
announced support for businesses, while on Saturday, the U.S.
Senate passed a $1.9 trillion COVID-19 aid bill.
The reopening of England's schools to all pupils on Monday
marks one of the first steps towards scaling back virus-led
lockdowns in the country, as a vaccination campaign gains steam.

Meanwhile, Bank of England Governor Andrew Bailey painted a
cautiously optimistic picture of Britain's economy after the
COVID-19 pandemic and did not expect a big jump in inflation.
Among individual movers, Pearson PSON.L was among the top
performers on the FTSE 100, as the education group's new boss
set out his plan for the company to grow beyond schools and
colleges.
Senior Plc SNR.L rose 7.2%, even as the British aircraft
parts supplier swung to an annual loss, hit by COVID-19-related
disruptions to flight travel and Boeing's BA.N 737 MAX crisis.