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London stocks shine on boost from gold miners, Hastings buyout

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London-listed shares jumped on Wednesday as record gold prices powered miners of the commodity, while insurer Hastings Group soared after agreeing to a $2.2 billion buyout offer.

up 1%. Almost all the mid-cap sub-indexes were trading higher, led by industrials, consumer discretionary and materials stocks.also gained 1%, with investors watching signs of progress in a U.S. fiscal relief bill. White House negotiators have vowed to work"around the clock" to reach a spending deal by the end of the week.

“There is optimism that we’ll get some form of stimulus bill and we’ll continue to range trade in Europe at the moment it is difficult to take any sort of view to how the economy is going to look in the next six months,” said Michael Hewson, market analyst at CMC Markets UK.

 

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