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

Wed, 09th Oct 2019 08:29

(For a live blog on European stocks, type LIVE/ in an Eikon
news window)

* FTSE 100 up 0.1%, FTSE 250 rises 0.2%

* GVC gains after forecast upgrade

* Just Eat tops blue-chip risers

Oct 9 (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 edged up 0.1% by 0705 GMT, while the
FTSE 250 rose 0.2%.

Just Eat climbed 1.4% to top gainers on the blue-chip
bourse after its Dutch rival Takeaway.com reported a
surge in quarterly orders.

Among midcaps, GVC 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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