London mid-cap stocks outperform as engineer IMI soars | Malay Mail

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LONDON, April 27 ― London's FTSE-100 rose yesterday as mining and financial shares benefitted from growing hopes of an economic recovery, while a surge in shares of engineer IMI helped the mid-cap index outperform its blue-chip counterpart. The FTSE-100 added 0.4 per cent, helped by gains in...

The FTSE-100 added 0.4 per cent, helped by gains in mining stocks as copper prices hit their highest in over 10 years and prices of other metals also rose. — AFP picLONDON, April 27 ― London's FTSE-100 rose yesterday as mining and financial shares benefitted from growing hopes of an economic recovery, while a surge in shares of engineer IMI helped the mid-cap index outperform its blue-chip counterpart.

Economy-linked financial stocks added about 1.5 per cent, while travel and leisure shares climbed more than 1 per cent after a top European Union official said on Sunday that vaccinated Americans should be able to travel to Europe by summer. World stocks also ticked higher, with US stocks advancing ahead of earnings from US tech heavyweights this week. Focus is also on results from big UK banks in the coming days.

 

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