London's FTSE 100 set for weekly gains; Barratt surges

  • Reuters
  • Stock Market News
London's FTSE 100 set for weekly gains; Barratt surges
Credit: © Reuters.

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* FTSE 100 up 0.2%, FTSE 250 adds 0.8%

Jan 8 (Reuters) - Britain's FTSE 100 index rose on Friday and was on track to end the week with gains of more than 6% as investors bet on a swift economic recovery, while Barratt Developments surged on plans to resume dividend payouts next month.

The UK's biggest homebuilder BDEV.L surged 3.5% to the top of the FTSE 100 as it also posted a rise in forward six-month sales. blue-chip FTSE 100 index .FTSE gained 0.2%, led by consumer discretionary and energy stocks.

The domestically focussed mid-cap index .FTMC rose 0.8% as data showed Britain's job market strengthened for the first time in three months in December.

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