Miners, energy stocks lift UK shares on U.S. stimulus cheer

Igg

11/03/2021 08:16

(For a Reuters live blog on U.S., UK and European stock
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    * FTSE 100 up 0.4%, FTSE 250 adds 0.6%

    March 11 (Reuters) - British shares rose on Thursday, as
higher commodity prices boosted mining and energy stocks after
the United States moved to pass a massive stimulus bill, while
online trading platform IG jumped on a surge in third-quarter
revenue. 
    The blue-chip FTSE 100 index  .FTSE  rose 0.4%, with mining
stocks, including Rio Tinto  RIO.L , Anglo American  AAL.L  and
BHP Group  BHPB.L , gaining between 1.2% and 2.6%.  MET/L 
    Oil heavyweights BP  BP.L  and Royal Dutch Shell  RDSa.L 
were also among the biggest boosts as oil prices rose.  O/R 
    The U.S. House of Representatives gave final approval on
Wednesday to one of the largest economic stimulus measures in
American history, a sweeping $1.9 trillion COVID-19 relief bill.
 urn:newsml:reuters.com:*:nL1N2L811C
    The slow start to 2021 for Britain's housing market
stretched into February, before Finance Minister Rishi Sunak
announced new measures that could revive a property boom that
began after the first COVID lockdown last year, a survey showed.
 urn:newsml:reuters.com:*:nL8N2L85BK
    The domestically focused mid-cap FTSE 250 index  .FTMC  rose
0.6%, led by industrials stocks.
    Supermarket group Morrisons  MRW.L  fell 0.2%, after its
annual profit halved as a COVID-19-related jump in sales was
more than offset by the huge extra costs of the crisis.
[nL8N2L91L1
    IG Group  IGG.L  rose 4.4%, after a surge in third-quarter
revenue despite a tough comparative, driven by high levels of
trading during the period that saw a so-called retail frenzy in
financial markets.  urn:newsml:reuters.com:*:nL4N2L91TE
    
    
    
    


 (Reporting by Shivani Kumaresan in Bengaluru; Editing by Rashmi
Aich)
 ((Shivani.Kumaresan@thomsonreuters.com; +1 646 223 8780;))
 
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