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* FTSE 100 up 0.5%, FTSE 250 up 0.2%
* China data spurs miners, oil stocks
* Pound weaker as Conservative lead narrows
* Ted Baker falls to lowest in more than a decade
Dec 2 (Reuters) - London's FTSE 100 rebounded on Monday
after a near 1% drop in the previous session, with heavyweight
components boosted by upbeat Chinese manufacturing activity and
a weaker pound, while Ted Baker slid on overstated inventory.
The FTSE 100 .FTSE advanced 0.5%, driven by gains in
miners .FTNMX1770 and oil majors Shell RDSa.L and BP BP.L .
The gains owed much to surveys of China's factory activity,
which beat forecasts with one showing the quickest pace of
expansion in almost three years in November. The pound softened after polls showed the Conservative
Party's lead over the opposition Labour Party had narrowed
further, stoking exporters such as BAT BATS.L to trade higher
and leaving the mid-cap FTSE 250 .FTMC with modest gains of
0.2%. Ted Baker TED.L slipped 10% to its lowest level since
March 2009 after the fashion retailer said it may have
overstated inventory by as much as 25 million pounds ($32.08
million). ($1 = 0.7794 pounds)