Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

London stocks gain on reopening optimism; mall operator Intu jumps

Published 23/06/2020, 08:19
Updated 23/06/2020, 08:24
© 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.
The 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.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.