FTSE 100 lifted by Experian, recovery hopes persist
London’s FTSE 100 index rose on Wednesday, rebounding from an early fall partly thanks to solid quarterly results from data firm Experian, while investors remained hopeful of a recovery after the looming new coronavirus-induced recession. The world’s biggest credit data firm Experian Plc jumped 7.4% to a more-than-10-week high after it reported higher annual revenue. The FTSE 100 has now recovered about 22% from its March lows as governments and central banks launched historic stimulus measures to aid businesses and families impacted by a near standstill in activity due to the pandemic. UK homebuilder Vistry Group Plc shed 4% on forecasting more job cuts as it consolidates the operations of Bovis Homes and construction company Galliford Try’s residential units. But Playtech Plc surged 6% after posting a jump in first-quarter profit as its financial trading division benefited from increased market volatility and trading volumes.