* FTSE 100 up 1%, FTSE 250 up 0.7%
* Virus death toll climbs beyond 1,000
* Signs of slowdown in new reported cases
* TUI top gainer on main index
* William Hill up after deal with CBS Sports
(Adds news items, analyst comments, updates share prices)
By Shashwat Awasthi
Feb 11 (Reuters) - UK shares rebounded after two sessions of
losses on Tuesday, as investors awaited signals from two of the
world's big central banks on their concern over the coronavirus
outbreak amid hopes that the number of reported new cases was
slowing.
The FTSE 100 added 1%, helped by an 11% surge in
travel company TUI after it said strong demand for
holidays would help offset a hit from the Boeing 737 MAX
aircraft groundings on its annual profit.
If that held for the rest of the day, it would be TUI's best
day ever. Airlines easyJet and British Airways-owner IAG
also added roughly 3.5% each.
The mid-cap FTSE 250 also advanced 0.7%, helped by a
4% rise in William Hill after the bookmaker announced a
partnership with U.S.-based CBS Sports, which Jefferies analysts
touted as a "major step forward" for the British brand.
Britain's benchmark stock indexes have mirrored volatile
swings in global markets over the past few weeks as the
China-linked virus spreads, raising concerns of a widespread hit
to economic growth.
The death toll from the outbreak has now crossed 1,000 but
investors drew some comfort from signs from a slowdown in new
cases in Hubei province as well as the steps Beijing has taken
to pump more cash into the economy.
"Following the selling since the virus hit the headlines,
it's now about the pace of acceleration or deceleration in the
rate of new cases as well as the longevity of the economic
impact," Markets.com analyst Neil Wilson said.
U.S. Federal Reserve Chair Jerome Powell and European
Central Bank chief Christine Lagarde both speak on Tuesday. Both
would be expected to respond, potentially with more stimulus, if
the outbreak escalates.
"A slowing infection rate, and the assumption that global
central banks will step in to provide liquidity when needed, has
allowed the coin toss of the market's mood to come up positive,"
Spreadex analyst Connor Campbell said.
Shares of Just Eat Takeaway.com, the company formed
by Dutch online service Takeaway's acquisition of British food
deliverer Just Eat, gained 5%.
(Reporting by Shashwat Awasthi in Bengaluru; editing by Patrick
Graham)