Main Menu

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.


Share The News Tweet about this on TwitterShare on FacebookShare on Google+Email this to someoneShare on LinkedIn

Leave a Reply

Your email address will not be published. Required fields are marked as *