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Latest Share Chat

London shares cling to gains on trade optimism despite mixed signals

Thu, 10th Oct 2019 08:31

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

* FTSE 100 up 0.2%, FTSE 250 rises 0.3%

* Hargreaves Lansdown up after Q3 update

* Burberry bounces on LVMH results

Oct 10 (Reuters) - London's FTSE 100 inched up on Thursday,
as investors hoped for a U.S.-China trade deal despite mixed
media reports on where the two countries stand, while investment
platform Hargreaves Lansdown led gains after a strong trading
update.

The FTSE 100 index was up 0.2% by 0707 GMT. The FTSE
250 added 0.3%, though a 6.2% slide in Homewares
retailer Dunelm after third-quarter results limited
gains.

A report that the U.S. was mulling a currency agreement with
China as part of a partial deal that could see a planned tariff
hike next week being cancelled offered some respite to markets,
though a separate report said there was lack of progress in
deputy-level talks held this week.

Among bluechips, Hargreaves Lansdown climbed 2.4%
after reporting a rise in total assets and luxury brand Burberry
added nearly 2% following French rival LVMH's
robust quarterly results despite the Hong Kong protests.
(Reporting by Muvija M and Shashwat Awasthi in Bengaluru;
Editing by Bernard Orr)

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