(For a Reuters live blog on U.S., UK and European stock
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* Intermediate Capital hits record high on jump in annual
AUM
* Aviva advances as activist investor Cevian takes 5% stake
* FTSE 100 up 0.3%, FTSE 250 off -0.1%
(Updates to close)
By Amal S
June 8 (Reuters) - London's FTSE 100 ended higher on
Tuesday, helped by gains in miners and travel and leisure
stocks, while upbeat earnings from Intermediate Capital Group
and British American Tobacco further lifted sentiment.
The blue-chip FTSE 100 index was up 0.3%, while the
domestically focused mid-cap FTSE 250 index dipped 0.1%,
dragged by weakness in technology and industrial stocks.
Travel-related stocks climbed 2%, with
Flutter Entertainment, Compass Group, Just Eat
Takeaway.com and InterContinental Hotels Group
among the top gainers.
However, a report said Britain's proposed June 21 lifting of
lockdowns could be delayed by a fortnight as COVID-19 cases
continue to mount.
"In news there's nothing really to warrant this optimism for
the travel sector but maybe people are looking through these
events as short-term developments that eventually will sort
themselves out and people will be able to travel again," said
Andrea Cicione, head of strategy at TS Lombard.
"I think it's a bit of a bet, but probably is the right
one."
After breaching the 7,000 mark in mid-April, the
export-heavy FTSE 100 was on course to post a fifth month of
gains as a gradual reopening from COVID-19 lockdowns sparks
optimism around a faster economic recovery.
Miners including Rio Tinto, Anglo American,
Glencore and BHP rose between 0.1% and 1%.
Adding to the upbeat mood, Intermediate Capital Group
climbed 5.9% to a record high, after the alternative
asset manager posted a 19% jump in its annual third-party assets
under management.
British American Tobacco added 0.4% after it raised
its annual revenue growth forecast to more than 5% at constant
currency.
Aviva gained 2.7% after activist investor Cevian
Capital took a 4.95% stake in the British insurer.
(Reporting by Devik Jain and Amal S in Bengaluru; Editing by
Subhranshu Sahu and Bernadette Baum)
