UPDATE 2-FTSE 100 bounces on Barclays earnings, but logs losses on the week

Reuters

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    * Barclays jumps on strong quarterly profit
    * UK's economic recovery fades in Oct. as pandemic flares up
    * IHG slips on plunge in Q3 room revenue
    * FTSE 100 rises 1.3%, FTSE 250 adds 1.2%, 

 (Adds comment; updates to close)
    By Devik Jain
    Oct 23 (Reuters) - London stocks jumped on Friday, boosted
by upbeat Barclays' earnings and rising hopes of a Brexit trade
deal before year end, but the blue-chip FTSE 100 still logged
its second weekly decline on concerns over fresh coronavirus
restrictions.
    The FTSE 100 index  .FTSE  closed up 1.3%, with shares in
the British lender  BARC.L  jumping 7% as its consumer
businesses swung back to profit and provisions against bad loans
fell in the third quarter.  urn:newsml:reuters.com:*:nL4N2HB35R
    The wider banks sub-index  .FTNMX8350  added almost 5% with
gains in energy  .FTNMX0530 , homebuilder  .FTNMX3720  and aero
 .FTNMX2710  stocks also helping the blue-chip index outperform
regional peers.
    The domestically-focussed mid-cap FTSE 250 index  .FTMC ,
considered a barometer for Brexit sentiment, ended 1.2% higher
after Reuters reported France is laying the ground for a
compromise on fisheries, one of the key sticking points in trade
 negotiations between the European Union and Britain.
 urn:newsml:reuters.com:*:nL8N2HE53U
    "There is a renewed enthusiasm to talk again. Perhaps there
will be concessions made and if there is some kind of agreement
going forward, that increases the chances of a deal," said
Susannah Streeter, senior investment and markets analyst at
Hargreaves Lansdown.
    However, the blue-chip index still suffered a second
straight weekly loss on concerns over new coronavirus-led curbs
as cases surged, and Brexit trade deal-related uncertainty, with
data also pointing towards a faltering economic recovery. 
    The UK's composite PMI fell to a four-month low of 52.9 in
October, while consumer morale tumbled to its lowest level since
late May, surveys showed on Friday. urn:newsml:reuters.com:*:nL8N2HE2RD urn:newsml:reuters.com:*:nL8N2HD6HN
    "Today's UK data paint a picture of an economic recovery
that is now clearly at risk of losing steam," said Hugh Gimber,
global market strategist at J.P. Morgan Asset Management.  
    In company news, InterContinental Hotels Group Plc  IHG.L 
slipped 1.5% after the Holiday Inn-owner posted a plunge in
third-quarter hotel room revenue (RevPAR).  urn:newsml:reuters.com:*:nL4N2HE1X6 

 (Reporting by Devik Jain in Bengaluru; editing by Uttaresh.V)
 ((Devik.Jain@thomsonreuters.com; within U.S. +1 646 223 8780;
outside U.S. +91 80 6182 2062; ;))
 
(( 
For related prices, Reuters users may click on - * 
 UK stock report      .L     
 FTSE index:          0#.FTS6  
 techMARK 100 index:  .FTT1X          FTSE futures:      0#FFI:  
 Gilt futures:        0#FLG:          Smallcap index:     .FTSC  
 FTSE 250 index:      .FTMC           FTSE 350 index:     .FTLC  
 Market digest:       .AD.L           Top 10 by vol:      .AV.L  
 Top price gainers:   .NG.L           Top % gainers:      .PG.L  
 Top price losers:    .NL.L           Top % losers:       .PL.L  
 
 
 * For related news, click on - *
 UK hot stocks:       HOT  and  GB      Wall Street:           .N 
 Gilts report:        GB/             Euro bond report  GVD/EUR 
 Pan European stock report:  .EU 
 Tokyo stocks:        .T              HK stocks:            .HK 
 Sterling report:     GBP/            Dollar report:       USD/ 
 
 
 * For company prices, click on - *
 Company directory:   UKEQ           By sector:           FTAX  
 
 
 * For pan-European market data, click on - *
 European Equities speed guide................  EUR/EQUITY  
 FTSE Eurotop 300 index...........................  .FTEU3  
 DJ STOXX index...................................  .STOXX  
 Top 10 STOXX sectors........................  .PGL.STOXXS  
 Top 10 EUROSTOXX sectors...................  .PGL.STOXXES  
 Top 10 Eurotop 300 sectors..................  .PGL.FTEU3S  
 Top 25 European pct gainers....................  .PG.PEUR  
 Top 25 European pct losers.....................  .PL.PEUR ))

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