London stocks gain on reopening optimism; mall operator Intu jumps

  • Reuters
  • Stock Market News
London stocks gain on reopening optimism; mall operator Intu jumps
Credit: © Reuters.

(For a live blog on European stocks, type LIVE/ in an Eikon news window)

* FTSE 100 up 0.4%, FTSE 250 adds 0.5%

June 23 (Reuters) - London shares rose on Tuesday as Prime Minister Boris Johnson prepared to further relax a coronavirus-led lockdown, with investors also awaiting the latest batch of business activity data for signs of a post-pandemic economic recovery.

Cash-strapped mall operator Intu Properties INTUP.L jumped 5.9% after saying it had appointed KPMG to plan for a potential move into administration as it continued talks with creditors on agreeing a debt standstill that would save the company. blue-chip FTSE 100 .FTSE was up 0.4%, with the increase in risk appetite boosting financial, industrial and mining stocks. The mid-cap FTSE 250 .FTMC added 0.5%.

Global stock markets also inched higher after U.S. President Donald Trump said the U.S.-China trade pact was "fully intact", clarifying earlier confusing statements from the White House over the fate of the deal. MKTS/GLOB

In the UK, Johnson is expected to say on Tuesday that cinemas, museums and galleries in England can reopen from July 4. He is also set to announce the findings of a review into social distancing.

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or