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* FTSE 100 up 0.8%, FTSE 250 adds 1.1%
May 28 (Reuters) - UK shares rose on Thursday after early
signs of a pickup in business sentiment fuelled hopes of a
post-coronavirus economic rebound, while easyJet jumped on a
plan to cut staff following a collapse in global air travel.
Low-cost airline easyJet Plc EZJ.L rose 4.3% to the top of
the FTSE 100 as it said it would cut up to 30% of its staff and
shrink its fleet. The blue-chip FTSE 100 .FTSE climbed another 0.8% after
ending Wednesday at an 11-week high, with health care
.FTNMX4570 and financial .FTNMX8770 firms among the top
boosts to the index.
The mid-cap FTSE 250 .FTMC added 1.1%, extending gains for
the ninth session in a row, as a survey showed British employers
turned a bit less pessimistic about hiring and investment this
month following moves to reopen the economy. Cinema operator Cineworld Group Plc CINE.L soared 16% as
it secured an additional $110 million from lenders and a waiver
on loan covenants as the company looks to reopen all its cinemas
in July.
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Recovery hopes power UK stocks; easyJet jumps
Published 05/28/2020, 03:21 PM
Updated 05/28/2020, 03:30 PM
Recovery hopes power UK stocks; easyJet jumps
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