Recovery hopes power UK stocks; easyJet jumps

Low-cost airline easyJet Plc rose 4.3pc to the top of the FTSE 100 as it said it would cut up to 30pc of its staff
28 May, 2020
  • Low-cost airline easyJet Plc rose 4.3pc to the top of the FTSE 100 as it said it would cut up to 30pc of its staff and shrink its fleet.
  • The blue-chip FTSE 100 climbed another 0.8pc after ending Wednesday at an 11-week high, with health care and financial firms among the top boosts to the index.

Low-cost airline easyJet Plc rose 4.3pc to the top of the FTSE 100 as it said it would cut up to 30pc of its staff and shrink its fleet.

The blue-chip FTSE 100 climbed another 0.8pc after ending Wednesday at an 11-week high, with health care and financial firms among the top boosts to the index.

The mid-cap FTSE 250 added 1.1pc, extending gains for the ninth session in a row, as a survey showed British employers turned a bit less pessimistic about hiring and investment this month following moves to reopen the economy.

Cinema operator Cineworld Group Plc soared 16pc as it secured an additional $110 million from lenders and a waiver on loan covenants as the company looks to reopen all its cinemas in July.

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