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London stocks gain on reopening optimism; mall operator Intu jumps

Published 06/23/2020, 03:19 PM
Updated 06/23/2020, 03:20 PM
© Reuters.
UK100
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INTUP
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FTMC
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(For a live blog on European stocks, type LIVE/ in an Eikon
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* FTSE 100 up 0.4%, FTSE 250 adds 0.5%

June 23 (Reuters) - London shares rose on Tuesday as Prime
Minister Boris Johnson prepared to further relax a
coronavirus-led lockdown, with investors also awaiting the
latest batch of business activity data for signs of a
post-pandemic economic recovery.
Cash-strapped mall operator Intu Properties INTUP.L jumped
5.9% after saying it had appointed KPMG to plan for a potential
move into administration as it continued talks with creditors on
agreeing a debt standstill that would save the company.
The blue-chip FTSE 100 .FTSE was up 0.4%, with the
increase in risk appetite boosting financial, industrial and
mining stocks. The mid-cap FTSE 250 .FTMC added 0.5%.
Global stock markets also inched higher after U.S. President
Donald Trump said the U.S.-China trade pact was "fully intact",
clarifying earlier confusing statements from the White House
over the fate of the deal. MKTS/GLOB
In the UK, Johnson is expected to say on Tuesday that
cinemas, museums and galleries in England can reopen from July
4. He is also set to announce the findings of a review into
social distancing.

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