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British stocks jump as mining shares track strong silver prices

Published 02/01/2021, 04:19 PM
Updated 02/01/2021, 04:20 PM
© Reuters.
UK100
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HRGV
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ASOS
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0RYA
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FTMC
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FTNMX551030
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FTNMX404010
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(For a Reuters live blog on U.S., UK and European stock
markets, click LIVE/ or type LIVE/ in a news window)
* FTSE 100 up 0.7%, FTSE 250 adds 0.4%

Feb 1 (Reuters) - British shares rose on Monday led by gains
in mining stocks as silver prices jumped on strong retail
demand, while fund supermarket Hargreaves Lansdown jumped on
upbeat earnings and fashion retailer ASOS gained on a deal to
buy rival brands.
The blue-chip FTSE 100 index .FTSE gained 0.7%, recovering
from its worst session in three months, with miners .FTNMX1770
and construction stocks .FTNMX5370 gaining most, while the
mid-cap index .FTMC added 0.4%.
Silver prices surged to a five-month high, as small-time
investors piled in to the metal, the latest target of a
retail-trading frenzy that has set financial markets on edge.
In company news, London-listed shares of Ryanair Holdings
RYA.L slid 0.7% after saying it may lose close to 1 billion
euros ($1.21 billion) in its current financial year, by far its
worst ever performance. Online fashion retailer ASOS ASOS.L gained 2.1% after
buying the Topshop, Topman, Miss Selfridge and HIIT brands from
the administrators of Philip Green's collapsed Arcadia group for
265 million pounds ($364 million). Hargreaves Lansdown HRGV.L rose 1.1% after the company
raised its dividend and posted a 10% jump in profit for the
first half of its fiscal year.

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