* FTSE 100 up 0.2 pct, FTSE 250 about flat
* Oil stocks, miners give biggest FTSE 100 boost
* ContourGlobal up after dividend hike
April 5 (Reuters) - London's main stock index clawed its way to a six-month high on Friday, as hopes of a resolution to the U.S.-China trade dispute buoyed oil majors and mining heavyweights, while investors digested news of a potentially longer Brexit extension.
The pound firmed after news that European Council President Donald Tusk is likely to offer a 12-month flexible extension to the UK's EU exit date, which at present stands at April 12 if no deal is agreed. companies with a greater international presence edged higher in early deals on expectations that a Sino-U.S. trade dispute could be nearing an end, with President Donald Trump saying a deal could be reached in about four weeks. majors Shell RDSa.L and BP BP.L were the biggest support to the main index, followed by miners .FTNMX1770 which firmed as most London industrial metals rose.
Among midcaps, power generator ContourGlobal GLO.L advanced 4 percent after hiking its dividend for 2018 and guiding for a higher core profit in 2019. contrast transport company Stagecoach SGC.L slumped 6 percent, making it the biggest FTSE 250 decliner, after brokerage Jefferies cut its rating and flagged caution on cost inflation headwinds and overcapacity.
Add Chart to Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
- Enrich the conversation
- Stay focused and on track. Only post material that’s relevant to the topic being discussed.
- Be respectful. Even negative opinions can be framed positively and diplomatically.
- Use standard writing style. Include punctuation and upper and lower cases.
- NOTE: Spam and/or promotional messages and links within a comment will be removed
- Avoid profanity, slander or personal attacks directed at an author or another user.
- Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
- Only English comments will be allowed.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.