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London stocks gain on U.S. stimulus hopes, surge in GVC Holdings

Published 10/08/2020, 03:23 PM
Updated 10/08/2020, 03:30 PM
© Reuters.
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* FTSE 100 up 0.3%, FTSE 250 gains 0.4%

Oct 8 (Reuters) - London shares rose on Thursday, supported
by a positive global mood on hopes of a partial U.S. stimulus
and a surge in bookmaker GVC Holdings following upbeat earnings,
although gains were capped on worries about more coronavirus
curbs in the UK.
The blue-chip FTSE 100 index .FTSE gained 0.3%, with
construction .FTNMX2350 and travel stocks .FTNMX5750 leading
the gains. The mid-cap index .FTMC gained 0.4%.
Prime Minister Boris Johnson's government is considering
additional local COVID-19 restrictions for parts of northern
England as the second wave of the novel coronavirus accelerates,
Housing Secretary Robert Jenrick said on Thursday. In a heavy earnings day, Ladbrokes and bwin owner GVC
Holdings GVC.L surged 7% on raising its outlook for annual
core earnings after posting a 12% rise in its revenue for the
third quarter. British tobacco company Imperial Brands IMB.L rose 1.3% on
forecasting its full-year net revenue to be broadly flat and in
line with market estimates.

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