UPDATE 2-FTSE 100 snaps 4-day losing streak on vaccine hopes

Reuters

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    * UK says Brexit talks are over unless EU changes course
    * J D Wetherspoon slips on annual loss, job cuts
    * Jupiter Fund tumbles on higher quarterly net outflows
    * FTSE 100 up 1.5%, FTSE 250 falls 0.1%

 (Updates to close, adds comments)
    By Devik Jain
    Oct 16 (Reuters) - The FTSE 100 snapped a four-day losing
streak on Friday after an upbeat coronavirus vaccine update from
Pfizer and signs Brexit talks might continue until the year end
for a possible trade deal with the European Union.  
    Drugmaker Pfizer Inc  PFE.N  said it could file for U.S.
authorisation of the COVID-19 vaccine it is developing with
German partner BioNTech  22UAy.F  as early as late November.
 urn:newsml:reuters.com:*:nL4N2H72L3
    The blue-chip index  .FTSE  closed up 1.5%, led by
pharmaceutical  .FTNMX4570 , aero  .FTNMX2710 , bank
 .FTNMX8350  and insurance  .FTNMX8570  stocks.
    However, the FTSE 100 and the mid-cap index logged their
first weekly declines in three weeks on concerns that the new
tiered coronavirus restrictions across parts of England would
derail a nascent economic recovery.
    "With more than half of the country under 'high'
restrictions, it's hard not to discount the possibility of even
tighter restrictions over the winter months," wrote Deutsche
Bank economist Sanjay Raja in a note.
    "Despite the relatively modest increase in restrictions
nationally, constraints on activity will almost certainly derail
the UK's economic recovery."
    Prime Minister Boris Johnson asked businesses to prepare for
a no-trade deal Brexit unless the EU fundamentally changed
course.  urn:newsml:reuters.com:*:nL8N2H710T
    The mid-cap FTSE 250 index  .FTMC  ended 0.1% lower as J D
Wetherspoon Plc  JDW.L  tumbled 19.4% after the pub operator
posted an annual loss and announced job cuts as it called for
"sensible" government measures to contain the health crisis.
 urn:newsml:reuters.com:*:nL4N2H71O7    
    Jupiter Fund Management Plc  JUP.L  shed 3.3% after the
asset manager suffered one billion pounds in net outflows in the
third quarter.  urn:newsml:reuters.com:*:nL8N2H70YM
    Shares of oil major BP Plc  BP.L  rose 1.4% after falling to
their lowest level since 1995 in the previous session.
    Luxury goods maker Burberry Group Plc  BRBY.L  jumped 3.2%
after the world's biggest luxury goods group, LVMH  LVMH.PA ,
said recovering sales of Louis Vuitton handbags had helped it
contain the fallout from the pandemic in the third quarter.
 urn:newsml:reuters.com:*:nL8N2H65R9

 (Reporting by Devik Jain in Bengaluru; editing by Uttaresh.V
and Elaine Hardcastle)
 ((Devik.Jain@thomsonreuters.com; within U.S. +1 646 223 8780;
outside U.S. +91 80 6182 2062; ;))
 
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 FTSE 250 index:      .FTMC           FTSE 350 index:     .FTLC  
 Market digest:       .AD.L           Top 10 by vol:      .AV.L  
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 Top price losers:    .NL.L           Top % losers:       .PL.L  
 
 
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