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UK shares cheer upbeat earnings updates, trade signals

Published 11/07/2019, 04:34 PM
Updated 11/07/2019, 04:40 PM
UK shares cheer upbeat earnings updates, trade signals
UK100
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TATE
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RSAl
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FTMC
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FTNMX551030
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AUTOA
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AML
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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 up 0.5%
* Trade sentiment bolstered
* Aston Martin , Tate & Lyle jump on mid-cap index

Nov 7 (Reuters) - A slew of upbeat earnings updates sent
both benchmark British indexes higher on Thursday, while the
broader sentiment was buoyed by signs of a thaw in U.S.-China
trade talks.
The FTSE 100 .FTSE added 0.3% and advanced for the fifth
straight session, supported by miners .FTNMX1770 , Asia-focused
banks, as well as a 3% rise in insurer RSA RSA.L and Auto
Trader AUTOA.L .
The FTSE 250 .FTMC outperformed with a 0.5% rise, aided by
a 9% surge in luxury carmaker Aston Martin AML.L after its
quarterly results and a 7% jump in food ingredients firm Tate &
Lyle TATE.L after half-year profit beat estimates.
China and the United States have agreed in the past two
weeks to cancel tariffs imposed during their months-long trade
war in different phases, the Chinese commerce ministry said on
Thursday.

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