Barclays lifts FTSE 100 as lockdown worries weigh

  • Reuters
  • Stock Market News
Barclays lifts FTSE 100 as lockdown worries weigh
Credit: © Reuters.

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* FTSE 100 rises 0.4%, FTSE 250 adds 0.4%

Oct 23 (Reuters) - London's FTSE 100 rose on Friday after Barclays posted an upbeat quarterly profit and data showed British retail sales grew in September, although gains were capped by concerns over new coronavirus restrictions across England.

The blue-chip FTSE 100 index .FTSE rose 0.4%, with shares in the British lender BARC.L jumping 2.5% as its consumer businesses swung back to profit and provisions against bad loans fell in the third quarter. wider banks sub-index .FTNMX8350 added 2.4%.

The domestically-focussed mid-cap FTSE 250 index .FTMC gained 0.4%, led by travel and leisure .FTNMX5750 and aero .FTNMX2710 stocks.

Retail sales in the UK beat expectations last month and grew for a fifth month in a row, taking total sales volumes to 5.5% above their level before the pandemic. Hotels Group Plc IHG.L fell 0.1% after the Holiday Inn-owner posted a plunge in third-quarter hotel room revenue (RevPAR).

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