FTSE 100 rebounds from 7-week low; Ryanair rises

Reuters
·1 min read

(For a live blog on European stocks, type LIVE/ in an Eikon news window)

* FTSE 100, FTSE 250 up 0.2%

* Indexes bounce after sharp sell-off on Friday

* Worries over coronavirus linger

* Ryanair up after raising profit view

Feb 3 (Reuters) - London's main index bounced back on Monday after hitting a seven-week low in the previous session, when news of the first cases of the coronavirus in Britain hammered equities and fanned worries over its impact to the global economy.

The FTSE 100 and the FTSE 250 added 0.2% on Monday. Both indexes had shed more than 3% last month as the virus outbreak sapped risk appetite.

Stock markets in Britain were a stark contrast to those in China, where shares plunged in the first trading session following an extended Lunar New Year break, as the death toll from the coronavirus epidemic rose to 361 in the Asian country.

London-listed shares of Ryanair Holdings Plc jumped 3.6% after the Irish carrier raised its annual profit forecast, citing a better-than-expected performance over Christmas and New Year. (Reporting by Shashwat Awasthi in Bengaluru; Editing by Shounak Dasgupta)