November 15, 2019 / 8:23 AM / 22 days ago

FTSE jumps on Sino-U.S. trade deal hopes; nationalisation risk hits BT

(For a live blog on European stocks, type LIVE/ in an Eikon news window)

* FTSE 100 up 0.5%, FTSE 250 up 0.2%

* Signs of Sino-U.S. trade deal stoke risk appetite

* BT falls on Labour nationalisation pledge

Nov 15 (Reuters) - London’s FTSE 100 followed global peers higher on Friday as hopes of an imminent U.S.-China trade deal were rekindled by comments from a senior U.S. official, while BT slipped after Britain’s opposition party vowed to nationalise parts of the telecoms provider.

The main index rose 0.5%, boosted by miners as well as Asia-focused banks HSBC and Prudential, after White House economic adviser Larry Kudlow said Washington was getting close to a trade pact with Beijing.

Shares of BT shed 2%, after Labour leader Jeremy Corbyn said his party would nationalise parts of the company’s network if it won power in the Dec. 12 election.

The mid-cap index added 0.2% in early deals. (Reporting by Shashwat Awasthi in Bengaluru; Editing by Subhranshu Sahu)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below