Advertisement
UK markets open in 1 hour 13 minutes
  • NIKKEI 225

    38,139.64
    +65.66 (+0.17%)
     
  • HANG SENG

    18,974.36
    +436.55 (+2.35%)
     
  • CRUDE OIL

    79.87
    +0.61 (+0.77%)
     
  • GOLD FUTURES

    2,361.80
    +21.50 (+0.92%)
     
  • DOW

    39,387.76
    +331.36 (+0.85%)
     
  • Bitcoin GBP

    50,114.01
    +951.69 (+1.94%)
     
  • CMC Crypto 200

    1,348.03
    +47.93 (+3.69%)
     
  • NASDAQ Composite

    16,346.26
    +43.46 (+0.27%)
     
  • UK FTSE All Share

    4,558.37
    +14.13 (+0.31%)
     

Rebound in banks, trade sentiment boosts FTSE 100; Metro Bank plummets

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

* FTSE 100 up 0.2%, FTSE 250 down 0.3%

* Blue-chip financial stocks bounce back

* U.S.-China trade sentiment also supports market mood

* Metro Bank falls after ditching bond issue

* Close Brothers slips after results, CEO departure

Sept 24 (Reuters) - London's FTSE 100 moved higher on Tuesday, bolstered by financial stocks that rebounded from a sharp sell-off in the previous session and good news that U.S.-China trade talks would resume next month, while small-cap Metro Bank sank after scrapping a bond issuance.

The main index added 0.2% by 0706 GMT. However, the more domestically-focussed FTSE 250 index shed 0.3%, ahead of a Supreme Court ruling on whether Prime Minister Boris Johnson's decision to suspend parliament was unlawful.

ADVERTISEMENT

Mid-caps were dragged lower by a 4.7% drop in merchant bank Close Brothers after its annual profit fell and it said Chief Executive Officer Preben Prebensen would leave.

Among smaller stocks, Metro Bank sank 12% as the troubled lender ditched a 250-million pound bond issue on Monday after failing to attract investors, while ad agency M&C Saatchi slid 8% after warning annual profit would fall 5%-10% below estimates. (Reporting by Indranil Sarkar and Shashwat Awasthi in Bengaluru; Editing by Bernard Orr)