July 28, 2020 / 7:20 AM / 13 days ago

Energy stocks lift FTSE 100 as stimulus bets prop up oil

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* FTSE 100 up 0.7%, FTSE 250 adds 0.9%

July 28 (Reuters) - London’s FTSE 100 rose on Tuesday with energy stocks jumping as hopes of more U.S. stimulus to shore up a pandemic-hit economy propped up oil prices, while Greggs edged higher after signalling a pickup in trading.

The food-to-go retailer added 1.3% as its sales surged 72% at company-managed stores in the most recent week following the easing of coronavirus lockdowns.

The blue-chip FTSE 100 rose 0.7%, with BP Plc and Royal Dutch Shell Plc being among the biggest boosts.

The mid-cap FTSE 250 gained 0.9%, led by consumer discretionary, real estate and tech-related stocks.

Personal goods stocks and banks were among the few decliners in early trading. (Reporting by Sagarika Jaisinghani in Bengaluru; editing by Uttaresh.V)

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