UK shares bounce after sell-off over coronavirus

  • Reuters
  • Stock Market News
UK shares bounce after sell-off over coronavirus
Credit: © Reuters.

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

* Bourses bounce after steep losses on Monday

* A.G. Barr jumps on upbeat profit view

Jan 28 (Reuters) - Britain's benchmark stock indexes rebounded modestly after shedding more than 2% in the previous session, even as dealers continued to assess the potential fallout from the fast-spreading coronavirus.

The FTSE 100 .FTSE gained 0.5%, bouncing back from its worst day since early October 2019. The FTSE 250 .FTMC moved past its biggest one-day fall in more than a year to add 0.4%.

The death toll from the China-linked virus has climbed to 106 and the number of confirmed cases continue to surge. The blue-chip index has lost more than 1% this month, while the midcaps have shed over 2%.

News-related moves saw Irn-Bru maker A.G. Barr BAG.L soar 10% to top the FTSE 250 after it forecast annual profit to be at the top end of the current market view.

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