Latest News

UK News

Click Here to read UK News

Forex News

Click Here to read Forex News

Market News

Click Here to read Market News

Irish News
/fxcentre/i-want-to/read-news
Upbeat earnings lift London stocks, Hastings surges on buyout
Published at 05/08/2020 at 08:20

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

* FTSE 100 up 0.8%, FTSE 250 adds 0.5%

Aug 5 (Reuters) - UK shares rose on Wednesday as a clutch of quarterly earnings reports signalled a rebound in consumer demand following the easing of coronavirus restrictions, while insurer Hastings surged after agreeing to a $2.2 billion buyout offer.

The motor insurer jumped 17.5% to the top of the FTSE 250 after agreeing to be bought by Finland's Sampo

and South Africa's Rand Merchant Investment (RMI)

.

The mid-cap FTSE 250 was up 0.5%, also boosted by industrial, consumer discretionary and financial stocks.

The export-laden FTSE 100 gained 0.8%, with investors also watching signs of progress in a U.S. fiscal relief bill. White House negotiators have vowed to work "around the clock" to reach a spending deal by the end of the week.

Soft drinks bottler Coca Cola HBC rose 4.7% as it said business had recovered from April lows.

Bookmaker William Hill added 5.5% on reporting a better-than-expected first-half profit, while announcing 119 UK betting shops closed by coronavirus lockdowns would not reopen as it combines its online and retail British businesses.

(Reporting by Sagarika Jaisinghani in Bengaluru; Editing by Saumyadeb Chakrabarty)

((Sagarika.Jaisinghani@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6182 2256;))

(( For related prices, Reuters users may click on - *

UK stock report

FTSE index:

techMARK 100 index: FTSE futures:

Gilt futures: Smallcap index:

FTSE 250 index: FTSE 350 index:

Market digest: Top 10 by vol:

Top price gainers: Top % gainers:

Top price losers: Top % losers:

* For related news, click on - *

UK hot stocks: and Wall Street:

Gilts report: Euro bond report

Pan European stock report:

Tokyo stocks: HK stocks:

Sterling report: Dollar report:

* For company prices, click on - *

Company directory: By sector:

* For pan-European market data, click on - *

European Equities speed guide................

FTSE Eurotop 300 index...........................

DJ STOXX index...................................

Top 10 STOXX sectors........................

Top 10 EUROSTOXX sectors...................

Top 10 Eurotop 300 sectors..................

Top 25 European pct gainers....................

Top 25 European pct losers..................... ))