London's FTSE 100 logs best day in two months as banks surge

  • 2/25/2023
  • 07:54
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London, November 03, 2020, SPA -- London's FTSE 100 scored its biggest one-day percentage gain in nearly two months on Tuesday, getting a boost from banks on rising bets of more stimulus measures to soften the economic blow from a new wave of coronavirus infections, Reuters reported. The blue-chip index closed up 2.3% as banks jumped 4.7% to their highest in nearly three months. The mid-cap FTSE 250 rose 1.8%, with shares in Crest Nicholson Holdings Plc surging 16.5% after the homebuilder forecast annual profit ahead of market expectations and reinstated its dividend. The wider homebuilding sub-index gained 1.9%. UK shares have made a strong start to November after ending October with their biggest monthly decline since the coronavirus-fueled crash, in March, with traders counting on more monetary and fiscal measures to support businesses impacted by a new round of nationwide lockdowns. --SPA 20:31 LOCAL TIME 17:31 GMT 0021 www.spa.gov.sa/w1441346

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