(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)
* British schools reopen
* Senior rises despite annual loss
* Pearson among top gainers on new boss's growth plans
* FTSE 100 up 1.3%, FTSE 250 adds 1.2% (Updates to close)
By Shivani Kumaresan and Amal S
March 8 (Reuters) - British stocks ended higher on Monday, led by gains in banks and mining stocks as optimism around a swifter economic recovery and the easing of a stringent lockdown lifted spirits.
"The market is following the optimism from the first day of lockdown easing, as well a bit of good news from the U.S. stimulus ... the virus is under control, lockdown coming to an end and Brexit pretty much done and dusted," said Michael Baker, analyst at ETX Capital.
The domestically focused mid-cap FTSE 250 index .FTMC rose 1.2%, with industrials and consumer discretionary stocks supporting the index.
The FTSE 100 and the mid-cap index have recovered more than 36% and 70%, respectively, from a coronavirus-driven crash last year on hopes of a swift economic recovery this year.
Last week, Britain's finance minister, Rishi Sunak, announced support for businesses, while on Saturday, the U.S. Senate passed a $1.9 trillion COVID-19 aid bill.
The reopening of England's schools to all pupils on Monday marks one of the first steps towards scaling back virus-led lockdowns in the country, as a vaccination campaign gains steam. Bank of England Governor Andrew Bailey painted a cautiously optimistic picture of Britain's economy after the COVID-19 pandemic and did not expect a big jump in inflation. individual movers, Pearson PSON.L was among the top performers on the FTSE 100, as the education group's new boss set out his plan for the company to grow beyond schools and colleges. Plc SNR.L rose 7.2%, even as the British aircraft parts supplier swung to an annual loss, hit by COVID-19-related disruptions to flight travel and Boeing (NYSE: BA )'s BA.N 737 MAX crisis.
Add Chart to Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
- Enrich the conversation
- Stay focused and on track. Only post material that’s relevant to the topic being discussed.
- Be respectful. Even negative opinions can be framed positively and diplomatically.
- Use standard writing style. Include punctuation and upper and lower cases.
- NOTE: Spam and/or promotional messages and links within a comment will be removed
- Avoid profanity, slander or personal attacks directed at an author or another user.
- Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
- Only English comments will be allowed.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.