June's AI-picked stock updates now live. See what's new in Tech Titans, up 28.5% year to date.Unlock Stocks

UK shares rises as coronavirus-related deaths slow

Published 04/06/2020, 03:28 PM
Updated 04/06/2020, 03:30 PM
© Reuters.
UK100
-
LGEN
-
RR
-
FTMC
-
ALNOV
-

(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
* Novacyt gains on French approval for its COVID-19 test
* Legal & General to pay 2019 dividend, shares surge
* FTSE 100 up 2.9%, FTSE 250 adds 3.4%

April 6 (Reuters) - UK shares gained on Monday as investors
cheered signs of slowing coronavirus-related deaths in the
hotspots of western Europe.
The blue-chip FTSE 100 .FTSE gained 2.9% by 0812 GMT, but
was still underperforming its European peers, weighed down by
news that Prime Minister Boris Johnson was in hospital due to
persistent symptoms, 10 days after testing positive for the
virus. The domestically focused midcaps .FTMC gained 3.4%.
Stock markets globally were on steadier grounds after last
week's modest selloff as the rate of new infections and deaths
slowed in Italy and Spain, while hard-hit New York reported on
Sunday that deaths had fallen slightly from the day before.
Aero-engine maker Rolls-Royce RR.L rose 10.6% after
revealing it had secured an additional 1.5 billion pounds ($1.8
billion) revolving credit facility, but said it was scrapping
its targets and final dividend. Legal & General Group LGEN.L surged 13.7%, recovering
sharply from last week's losses after the insurer said it
planned to pay its 2019 dividend even after a European Union
regulator said insurers should temporarily halt payouts.
Healthcare company Novacyt NCYT.L rose 8.3% after its
COVID-19 diagnostic test won French approval, making it
available for immediate distribution in France.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.