FTSE 100 rises as HSBC, Rio Tinto jump

  • Reuters
  • Stock Market News
FTSE 100 rises as HSBC, Rio Tinto jump
Credit: © Reuters.

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* FTSE 100 up 0.7%, FTSE 250 adds 0.2%

Jan 19 (Reuters) - British shares rose on Tuesday, as a jump in HSBC's shares and encouraging production report from miner Rio Tinto lifted sentiment at a time when tighter coronavirus-led restrictions have raised concerns about the pace of an economic recovery.

The blue-chip FTSE 100 index .FTSE was up 0.7% after two consecutive sessions of declines, while the mid-cap index .FTMC gained 0.2%.

HSBC Holdings HSBA.L rose 3%, giving the biggest boost to the blue-chip index.

Miner Rio Tinto RIO.L rose 1.4 after reporting a 2.4% rise in fourth-quarter iron ore shipments, helped by increased demand from China. firms called for another 7.6 billion pounds ($10.3 billion) of emergency government help, saying they cannot wait until finance minister Rishi Sunak's March budget to learn if they will get more pandemic support. of Experian Plc EXPN.L , the world's largest credit data firm, gained 1.2% after its third-quarter revenue growth exceeded targets, helped by strong U.S. mortgage volumes.

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