FTSE tracks global recovery; Hargreaves gains

Reuters| London | United Kingdom

Updated: 08-08-2019 13:08 IST | Created: 08-08-2019 13:03 IST

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London's main index recovered for the second session running on Thursday as global markets were boosted by a round of Chinese data that soothed some of the growth fears, which had afflicted trading in the past week. Fund supermarket Hargreaves Lansdown, whose shares took a beating in June as nearly a quarter of its clients were exposed to Neil Woodford's suspended fund, advanced nearly 4% after a forecast-beating rise in full-year assets.

The FTSE 100, which has fallen almost 5% since President Donald Trump said he would slap tariffs on more Chinese imports last week, climbed 0.3% by 0715 GMT. The more domestically-focused midcap index rose 0.6%.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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clientsLondonHargreaves LansdownNeil WoodfordChineseDonald TrumpFTSE

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