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China and ECB lift shares to two-month high

China economyFri: Britain’s leading index hit a two-month peak today after China cut interest rates and investors anticipated further stimulus from the European Central Bank.

 

The FTSE100 rose 1.1% to close at 6,444.08 points. Miners were among the top gainers while shares in luxury goods retailer Burberry enjoyed a strong bounce after recent falls.

On the way down was William Hill which fell nearly 8% after the bookmaker said it expected full-year operating profit to be near the lower end of analysts’ expectations following a weak third quarter.

Talk Talk was down 4.4% after it suffered a sustained cyber attack and said it had received a ransom demand from an unidentified party claiming responsibility.

Pearson slipped after Exane BNP Paribas downgraded the stock to ‘neutral’ from ‘outperform’ and cut the price target to 1,000p.

 

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