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UPDATE 2-Miners lift FTSE 100, Ted Baker slumps on profit alert

Published 12/06/2019, 02:07 am
UPDATE 2-Miners lift FTSE 100, Ted Baker slumps on profit alert
UK100
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BP
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SHEL
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RIO
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BHPB
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ANTO
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HLMA
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HG
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CL
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FTMC
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FTNMX551030
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GLEN
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ESKN
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NEXN
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INOV
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QUIZ
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* FTSE 100 up 0.3%, FTSE 250 up 0.1%

* Miners biggest support to main index

* Ted Baker suffers worst day on record

* Quiz slumps after earnings drop

* Woodford Trust ends 7-day losing streak (Adds company news items, updates to closing prices)

By Muvija M

June 11 (Reuters) - Mining stocks led London's main index higher on Tuesday after Beijing took steps to increase local government spending and boost China's economy, while fashion retailer Ted Baker slumped after a profit warning.

Rio Tinto RIO.L , Antofagasta ANTO.L , Glencore GLEN.L and BHP BHPB.L were 2.5-3% higher, while oil majors BP BP.L and Shell RDSa.L were lifted by a rise in crude oil prices on expectations that OPEC and its allies will keep withholding supply. O/R

Troubles on Britain's high street were reflected on the small- and mid-cap indexes, with Ted Baker falling nearly one-third to a 6-1/2 year low after warning profits would come in well below analysts' expectations, and fast-fashion retailer Quiz QUIZ.L down 23.2% after reporting a 94% slump in underlying pretax profit. FTSE 100 index .FTSE , buoyed in the past week by hopes of more monetary and fiscal stimulus globally, rose 0.3% to its highest in nearly six weeks, gaining for the seventh straight session. The midcap index .FTMC was up 0.1%.

Safety equipment maker Halma HLMA.L topped the FTSE 100 leaderboard with a 4.1% gain after reporting a surge in earnings, driven by strong demand in the United States, its largest market. main index is on course for its biggest monthly gain since January, recovering from its only monthly fall this year in May when an escalation in Sino-U.S. trade tensions dampened investor sentiment.

The mining index .FTNMX1770 jumped 2.3%, its biggest one-day rise in a month, as copper prices gained on hopes that China, the biggest consumer, will pump money into metals-intensive infrastructure building. midcaps, shares in the listed fund run by money manger Neil Woodford, Woodford Patient Capital Trust WPCT.L , broke a seven-day losing streak to rise 7.5% on their best day in over a year.

Gains come a day after the company sought to reassure investors that the fallout from the suspension of Woodford's flagship equity fund had not affected its "operational performance". services group Stobart STOB.L climbed to a session high after saying that a court of appeal denied former CEO Andrew Tinkler's application to challenge parts of an earlier ruling which was in favour of the company. Shares ended 3% higher. Video advertising company Taptica TAP.L tanked 40% to a 3-year low after it said Uber Technologies UBER.N has alleged "fraudulent concealment, negligence and unfair competition" against the company in a complaint filed in a U.S. court.

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