London stocks gain amid pullback in new virus cases

  • Reuters
  • Stock Market News
London stocks gain amid pullback in new virus cases
Credit: © Reuters.

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* FTSE 100 up 0.2%, FTSE 250 up 0.1%

* Slowdown in new coronavirus cases continues

* BP , Shell boost main bourse

* Dunelm, Plus500 gain among midcaps

Feb 12 (Reuters) - UK shares inched higher on Wednesday, with heavyweight oil firms supporting gains on the main index, as investors continued to take comfort from a drop in the number of new coronavirus cases reported in China.

China on Wednesday reported its lowest number of new coronavirus cases since late January, leading some experts to suggest the outbreak may plateau and subside soon. That helped the FTSE 100 .FTSE climb 0.2% in early deals. majors Shell RDSa.L and BP BP.L were the biggest boosts to the blue-chips, as they tracked a surge in crude prices. O/R

The mid-cap FTSE 250 .FTMC edged 0.1% higher, helped by a 4% gain in home furnishings retailer Dunelm DNLM.L after an upbeat profit forecast and online trading platform Plus500 PLUSP.L , which also added about 4%.

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