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Banks help FTSE 100 bounce back despite U.S.-China trade jitters

Banks help FTSE 100 bounce back despite U.S.-China trade jitters
Traders looks at financial information on computer screens on the IG Index trading floor in London, Britain February 6, 2018. REUTERS/Simon Dawson/Files -
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(Reuters) – Gains in financial shares helped London stocks stage a recovery on Wednesday, even as the U.S.-China relationship strained ahead of a critical two-day meeting where the economic powerhouses will try to reach a resolution on trade.

The FTSE 100 <.FTSE> edged up 0.1% by 0705 GMT, while the FTSE 250 <.FTMC> rose 0.2%.

Just Eat <JE.L> climbed 1.4% to top gainers on the blue-chip bourse after its Dutch rival <TKWY.AS> reported a surge in quarterly orders.

Among midcaps, GVC <GVC.L> added 3%. The Ladbrokes owner boosted its annual core earnings target for the second time in three months on robust demand in its betting shops despite tighter regulation.

(Reporting by Muvija M in Bengaluru; Editing by Bernard Orr)

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