FTSE 100 jumps over 1% on Entain boost; Burberry and Hostmore tumble
For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window
FTSE 100 up 1.1%, FTSE 250 adds 0.8%
Entain tops FTSE 100 after upbeat online revenue forecast
Burberry tumbles after Barclays downgrades to "underweight"
Personal goods shares hit near 15-year lows
HSBC weighs commercial, investment bank merger to shed costs
Updated at 1550 GMT
By Khushi Singh and Purvi Agarwal
Sept 9 (Reuters) -London's benchmark FTSE 100 climbed over 1% amid broader gains led by travel and leisure stocks after an upbeat forecast from gambling group Entain, while investors awaited labour market data later in the week.
The blue-chip FTSE 100 .FTSE ended up 1.1%, registering biggest one-day gains in a month. The mid-cap FTSE 250 .FTMC advanced 0.8%, its best day in three weeks.
The travel and leisure stocks .FTNMX405010 rose 1.9%, its highest in six weeks after Entain ENT.L said its online revenue growth in the second half of this financial year was ahead of its expectations. The gambling group was the top gainer on the FTSE 100 with a 5.3% rise.
Bloomberg News reported HSBC HSBA.L was mulling the combination of its Commercial and Investment banking divisions to eliminate overlapping roles at the lender and cut costs. HSBC shares added 1.9%, while the broader banks .FTNMX301010 index was up 1.7%. HSBC declined to comment.
Most major sub-sectors traded higher, with chemicals .FTNMX552010 and automobiles and parts .FTNMX401010 advancing 1.9% and 1.7% higher, respectively.
However, luxury retailer Burberry BRBY.L slipped 4.9% to its lowest price since November 2009, after Barclays downgraded the stock to "underweight" from "equal weight". The broader personal goods .FTNMX402040 index was the top sectoral decliner, down 3.1% as it hit lowest levels in near 15 years.
British restaurant operator Hostmore MOREH.L plunged over 90.8% after it dropped plans to buy pub chain TGI Fridays.
Meanwhile, a survey of recruiters showed that Britain's labour market cooled noticeably last month, which could bolster the case for interest rate cuts from the Bank of England.
Investors are focused on labour market data and gross domestic product figures for the country due this week for more clues on the Bank of England's stance.
The British central bank is widely expected to hold rates at its meeting later this month, while the European Central Bank is expected to cut at its meeting this week.
Reporting by Khushi Singh, Purvi Agarwal in Bengaluru; Editing by Mrigank Dhaniwala and Alison Williams
For related prices, Reuters users may click on - * UK stock report .L FTSE index: 0#.FTS6 techMARK 100 index: .FTT1X FTSE futures: 0#FFI: Gilt futures: 0#FLG: Smallcap index: .FTSC FTSE 250 index: .FTMC FTSE 350 index: .FTLC Market digest: .AD.L Top 10 by vol: .AV.L Top price gainers: .NG.L Top % gainers: .PG.L Top price losers: .NL.L Top % losers: .PL.L * For related news, click on - * UK hot stocks: HOT and GB Wall Street: .N Gilts report: GB/ Euro bond report GVD/EUR Pan European stock report: .EU Tokyo stocks: .T HK stocks: .HK Sterling report: GBP/ Dollar report: USD/ * For company prices, click on - * Company directory: UKEQ By sector: FTAX * For pan-European market data, click on - * European Equities speed guide................ EUR/EQUITY FTSE Eurotop 300 index........................... .FTEU3 DJ STOXX index................................... .STOXX Top 10 STOXX sectors........................ .PGL.STOXXS Top 10 EUROSTOXX sectors................... .PGL.STOXXES Top 10 Eurotop 300 sectors.................. .PGL.FTEU3S Top 25 European pct gainers.................... .PG.PEUR Top 25 European pct losers..................... .PL.PEUR
Aset Terkait
Berita Terbaru
Pengungkapan: Entitas XM Group menyediakan layanan khusus eksekusi dan akses ke Fasilitas Trading Online kami, yang memungkinkan Anda untuk melihat dan/atau menggunakan konten yang tersedia pada atau melalui situs, yang tidak untuk mengubah atau memperluas, serta tidak mengubah atau memperluas hal tersebut. Akses dan penggunaan ini selalu sesuai dengan: (i) Syarat dan Ketentuan; (ii) Peringatan Risiko; dan (iii) Pengungkapan Penuh. Oleh karena itu, konten disediakan hanya sebagai informasi umum. Anda juga harus ketahui bahwa konten Fasilitas Trading Online kami bukan sebagai ajakan atau tawaran untuk untuk melakukan transaksi apa pun di pasar finansial. Trading di pasar finansial mana pun melibatkan tingkat risiko yang signifikan pada modal Anda.
Semua materi yang diterbitkan di Fasilitas Trading Online kami hanya untuk tujuan edukasi/informasi dan tidak boleh mengandung nasihat dan rekomendasi finansial, pajak investasi atau trading, catatan harga trading kami, penawaran, permintaan, transaksi dalam instrumen finansial apa pun atau promo finansial untuk Anda yang tidak diminta.
Konten pihak ketiga apa pun, serta konten yang disiapkan oleh XM, seperti opini, berita, riset, analisis, harga, informasi lain atau link ke situs pihak ketiga yang tersedia "sebagaimana adanya", sebagai komentar pasar umum dan bukan menjadi nasihat investasi. Sejauh konten apa pun ditafsirkan sebagai penelitian investasi, Anda harus memperhatikan dan menerima bahwa konten tersebut tidak dimaksudkan dan belum disiapkan sesuai dengan persyaratan hukum yang dirancang untuk mempromosikan kemandirian riset investasi dan dengan demikian akan dianggap sebagai komunikasi pemasaran di bawah hukum dan peraturan yang relevan. Mohon dipastikan bahwa Anda telah membaca dan memahami Notifikasi pada Riset Investasi Non-Independen dan Peringatan Risiko kami mengenai informasi di atas, yang dapat diakses disini.
