London's FTSE gains, led by miners; Mothercare surges

London's FTSE gains, led by miners; Mothercare surges
FILE PHOTO: A broker looks at financial information on computer screens on the IG Index the trading floor in London, Britain February 6, 2018. REUTERS/Simon Dawson Copyright SIMON DAWSON(Reuters)
By Reuters
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(Reuters) – Britain’s main index firmed on Friday, helped by strong gains in mining heavyweights, while retailer Mothercare jumped after it reported a narrower annual loss and a lower debt burden.

The FTSE 100 was 0.5% higher by 0720 GMT while more domestically-focused midcaps were up 0.6%.

All sectors in the main index were in positive territory as risk appetite got a lift from U.S. President Donald Trump predicting a swift end to the trade war with China.

Mothercare was the standout blue-chip performer, up 19.1% to be on course for its best day in a year after its annual report showed restructuring efforts were paying off.

Broader gains in the FTSE 100 were led by miners and consumer stocks. Miners gained 1%, breaking a four-day losing streak, after copper prices rebounded from their lowest since Jan. 14 as the dollar dipped.

(Reporting by Muvija M in Bengaluru; editing by John Stonestreet)

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