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Stimulus hopes boost London stocks; IHG jumps

Published 08/11/2020, 03:22 PM
Updated 08/11/2020, 03:30 PM
UK100
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IHG
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DOM
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FTMC
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FTNMX405010
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FTNMX303010
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FTNMX601010
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* FTSE 100 up 1.0%, FTSE 250 adds 0.7%

Aug 11 (Reuters) - London-listed shares rose on Tuesday as
hopes of a stimulus-led rebound helped investors look past a
mixed batch of quarterly earnings updates, while
InterContinental Hotels jumped on signalling a tentative
recovery.
The Holiday Inn owner IHG.L gained 4% as it said it was
seeing some "very early" signs of returning demand as
coronavirus-related restrictions eased in major markets.
The blue-chip FTSE 100 .FTSE and the mid-cap FTSE 250
.FTMC were up 1.0% and 0.7%, respectively, led by gains for
energy .FTNMX0530 , life insurance .FTNMX8570 and
travel-related .FTNMX5750 stocks.
Bank of England Deputy Governor Dave Ramsden said in an
interview published on Tuesday that the central bank would step
up on quantitative easing if the British economy slows and
struggles again. June gross domestic product figures are due on
Wednesday.
Domino's Pizza Group Plc DOM.L fell 3.2% after posting a
dip in first-half operating earnings, hurt by costs for
implementing social distancing measures at its restaurants due
to the pandemic.

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