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* FTSE 100 up 0.4%, FTSE 250 adds 0.7%
April 16 (Reuters) - Gains in battered travel stocks helped
Britain's FTSE 100 come out of a two-day slump on Thursday,
while investors awaited lockdown exit plans from major
economies.
The blue-chip .FTSE index rose 0.4% by 0716 GMT, with
easyJet gaining 7.8% after it said steps taken to shore up its
finances will help it survive a lengthy fleet grounding during
the coronavirus. Cruise operator Carnival Plc CCL.L and IAG-owned British
Airways also gained more than 4.5%. The domestically focused
midcap index .FTMC rose 0.7%.
UK Health Minister Matt Hancock said the outbreak is
starting to peak in Britain, but it is too early to lift the
lockdown. U.S. President Donald Trump is expected to announce "new
guidelines" for reopening the economy, where unemployment
benefit claims is forecast to have surged above an astounding 20
million over the past month.
Asset manager Schroders SDR.L rose 2.8% after it reported
net new business of 30.4 billion pounds, largely thanks to an
influx of assets from the Scottish Widows investment mandate,
offsetting a fall in total assets in first quarter.
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Travel stocks help FTSE regain after two-day slump
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