FTSE jumps on Sino-U.S. trade deal hopes; nationalisation risk hits BT

FTSE jumps on Sino-U.S. trade deal hopes; nationalisation risk hits BT
FILE PHOTO: Traders looks at financial information on computer screens on the IG Index trading floor in London, Britain February 6, 2018. REUTERS/Simon Dawson -
Text size Aa Aa

(Reuters) – London’s FTSE 100 followed global peers higher on Friday as hopes of an imminent U.S.-China trade deal were rekindled by comments from a senior U.S. official, while BT slipped after Britain’s opposition party vowed to nationalise parts of the telecoms provider.

The main index rose 0.5%, boosted by miners <.FTNMX1770> as well as Asia-focused banks HSBC <HSBA.L> and Prudential <PRU.L>, after White House economic adviser Larry Kudlow said Washington was getting close to a trade pact with Beijing.

Shares of BT <BT.L> shed 2%, after Labour leader Jeremy Corbyn said his party would nationalise parts of the company’s network if it won power in the Dec. 12 election.

The mid-cap index <.FTMC> added 0.2% in early deals.

(Reporting by Shashwat Awasthi in Bengaluru; Editing by Subhranshu Sahu)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on for a limited time.
Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.