London stocks gain on US stimulus hopes, surge in GVC Holdings
- The blue-chip FTSE 100 index gained 0.3pc, with construction and travel stocks leading the gains. The mid-cap index gained 0.4pc.
London shares rose on Thursday, supported by a positive global mood on hopes of a partial US stimulus and a surge in bookmaker GVC Holdings following upbeat earnings, although gains were capped on worries about more coronavirus curbs in the UK.
The blue-chip FTSE 100 index gained 0.3pc, with construction and travel stocks leading the gains. The mid-cap index gained 0.4pc.
Prime Minister Boris Johnson's government is considering additional local COVID-19 restrictions for parts of northern England as the second wave of the novel coronavirus accelerates, Housing Secretary Robert Jenrick said on Thursday.
In a heavy earnings day, Ladbrokes and bwin owner GVC Holdings surged 7pc on raising its outlook for annual core earnings after posting a 12pc rise in its revenue for the third quarter.
British tobacco company Imperial Brands rose 1.3pc on forecasting its full-year net revenue to be broadly flat and in line with market estimates.
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