Leisure stocks, retailers boost FTSE 250 as England reopens

© Reuters. FILE PHOTO: A man shelters under an umbrella as he walks past the London Stock Exchange in London, Britain, August 24, 2015. REUTERS/Suzanne Plunkett

(Reuters) – London’s rose on Monday, boosted by leisure and retail stocks, as swathes of British economy were to set to reopen after a four-month gloom of COVID-19 lockdown.

The domestically focused mid-cap index advanced 0.3%.

Retailers, homebuilders and personal goods makers were among the biggest gainers.

Broadly, from Monday in England, gatherings of up to 30 people will be allowed outdoors, two families will be allowed to meet indoors; cafes, bars and restaurants will reopen for indoor service; and face coverings will no longer be compulsory in schools.

The blue-chip inched 0.02% lower as heavyweight oil majors BP (LON:) and Royal Dutch Shell (LON:) and banking stocks, fell and a stronger pound weighed on the index.

Homebuilder Vistry Group added 2.7% after it raised its annual profit forecast on strong demand, as the housing sector benefits from an extension of a property tax holiday and lower interest rates.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

READ  FedEx Ground requires video recorders in delivery vehicles. Is driver privacy a concern?

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.



Please enter your comment!
Please enter your name here