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FTSE buoyed by gains in AB Foods, trade hopes

Published 11/05/2019, 04:28 PM
Updated 11/05/2019, 04:32 PM
FTSE buoyed by gains in AB Foods, trade hopes
UK100
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ABF
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WEIR
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(For a live blog on European stocks, type LIVE/ in an Eikon
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* FTSE 100 up 0.1%, FTSE 250 down 0.1%
* AB Foods gains after annual results
* Miners provide biggest boost to main bourse

Nov 5 (Reuters) - London's FTSE 100 was lifted by a near 5%
jump in Primark owner A.B. Foods following its strong forecast
on Tuesday, while miners gained on brighter hopes of a
U.S.-China trade deal.
The FTSE 100 .FTSE rose 0.1% by 0810 GMT, holding at a
one-month high it touched in the previous session, while the
midcap index .FTMC dipped 0.1% due to a sell-off in industrial
stocks after Weir Group's WEIR.L underwhelming outlook.
Associated British Foods ABF.L was on track for its best
day in more than 10 months after it posted higher annual
earnings and said it was well-positioned for further earnings
growth in the new 2019-20 year.

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