British stocks gain on signs of economic recovery | Malay Mail

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LONDON, Sept 2 — London-listed shares rose for the first time in four sessions today as a surge in house prices to record highs powered stocks of homebuilders, while Rolls-Royce jumped to the top of the FTSE 100. The blue-chip index and the mid-cap FTSE 250 climbed 1.4 per cent and 0.7 per cent,...

Signage is seen outside the entrance of the London Stock Exchange in London August 23, 2018. — Reuters pic

The blue-chip index and the mid-cap FTSE 250 climbed 1.4 per cent and 0.7 per cent, respectively, with homebuilders set for their best day in nearly two months as data showed house prices jumped 2 per cent in August, the biggest month-on-month increase since 2004. The FTSE 100 has bounced since a coronavirus-driven crash in March, but is still about 22 per cent below its January highs, lagging US and European peers, which have been propelled by a raft of global stimulus.

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