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London stocks inch higher on stimulus, recovery hopes

Published 06/02/2020, 03:18 PM
Updated 06/02/2020, 03:20 PM
© Reuters.
UK100
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FTMC
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FTNMX405010
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CARDC
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(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
* FTSE 100 up 0.3%, FTSE 250 adds 0.4%

June 2 (Reuters) - UK shares climbed on Tuesday as hopes of
fresh government stimulus to blunt the economic impact of the
coronavirus crisis added to optimism about a faster recovery
with the easing of a nationwide lockdown.
The blue-chip FTSE 100 .FTSE was up 0.3%, gaining for the
fifth session in six, as a report said finance minister Rishi
Sunak was considering national insurance holidays for companies
as part of a stimulus package to be announced in July.
The mid-cap FTSE 250 .FTMC added 0.4%, hitting its highest
in nearly three months, although a broader rally was capped by
deepening tensions between Washington and Beijing and U.S.
President Donald Trump's vow to use force to end violent
protests in American cities. MKTS/GLOB
The UK travel and leisure index .FTNMX5750 jumped 1.2% as
a report said the government was aiming to replace coronavirus
quarantine for people arriving at airports by the end of June,
with so-called air bridges being considered as an option.
Card Factory CARDC.L jumped 9.8% as the greeting card
retailer signalled it would reopen about 10% of its stores
around June 15 even after it said it was unable to give an
outlook for the 2021 financial year.

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