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CORRECTED-London's FTSE gains, led by miners; Mothercare surges

Published 05/24/2019, 03:48 PM
CORRECTED-London's FTSE gains, led by miners; Mothercare surges
UK100
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FTNMX551030
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MTC
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(Removes reference to Mothercare being a blue-chip stock)
* FTSE 100 up 0.5%, FTSE 250 up 0.6%
* Miners, consumers biggest support on main index
* Mothercare jumps after FY results

May 24 (Reuters) - Britain's main index firmed on Friday,
helped by strong gains in mining heavyweights, while retailer
Mothercare jumped after it reported a narrower annual loss and a
lower debt burden.
The FTSE 100 .FTSE was 0.5% higher by 0720 GMT while more
domestically-focused midcaps were up 0.6%.
All sectors in the main index were in positive territory as
risk appetite got a lift from U.S. President Donald Trump
predicting a swift end to the trade war with China. Mothercare MTC.L was the standout across UK indexes, up
19.1% to be on course for its best day in a year after its
annual report showed restructuring efforts were paying off.
Broader gains in the FTSE 100 were led by miners and
consumer stocks. Miners .FTNMX1770 gained 1%, breaking a
four-day losing streak, after copper prices rebounded from their
lowest since Jan. 14 as the dollar dipped.

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