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Miners, energy stocks lift UK shares on U.S. stimulus cheer

Published 11/03/2021, 07:16 pm
Updated 11/03/2021, 07:18 pm
© Reuters.

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)

* FTSE 100 up 0.4%, FTSE 250 adds 0.6%

March 11 (Reuters) - British shares rose on Thursday, as higher commodity prices boosted mining and energy stocks after the United States moved to pass a massive stimulus bill, while online trading platform IG jumped on a surge in third-quarter revenue.

The blue-chip FTSE 100 index .FTSE rose 0.4%, with mining stocks, including Rio Tinto RIO.L , Anglo American AAL.L and BHP Group BHPB.L , gaining between 1.2% and 2.6%. MET/L

Oil heavyweights BP BP.L and Royal Dutch Shell RDSa.L were also among the biggest boosts as oil prices rose. O/R

The U.S. House of Representatives gave final approval on Wednesday to one of the largest economic stimulus measures in American history, a sweeping $1.9 trillion COVID-19 relief bill. slow start to 2021 for Britain's housing market stretched into February, before Finance Minister Rishi Sunak announced new measures that could revive a property boom that began after the first COVID lockdown last year, a survey showed. domestically focused mid-cap FTSE 250 index .FTMC rose 0.6%, led by industrials stocks.

Supermarket group Morrisons MRW.L fell 0.2%, after its annual profit halved as a COVID-19-related jump in sales was more than offset by the huge extra costs of the crisis. [nL8N2L91L1

IG Group IGG.L rose 4.4%, after a surge in third-quarter revenue despite a tough comparative, driven by high levels of trading during the period that saw a so-called retail frenzy in financial markets.

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