*
FTSE 100 up 0.4%, FTSE 250 adds 0.2%
May 12 (Reuters) - UK's FTSE 100 index bounced back on Friday after data showed that the country avoided slipping into a recession in the first three months of 2023, while insurer Beazley surged to a more than one-month high on upbeat quarterly results. The blue-chip FTSE 100 rose 0.4%, while the FTSE 250 added 0.2% by 0716 GMT. The FTSE 100 index ended 0.1% lower on Thursday, in its third straight session of declines. Beazley Plc rose 3.7% after reporting a sharp jump in net premiums in the first quarter, lifting the nonlife insurance sector up 1.6%. Pearson Plc jumped 2.4% after brokerage Morgan Stanley turned bullish on the stock. Bucking the trend, THG Plc slumped 13.1% after the retailer said it had terminated talks with Apollo Global Management for a buyout deal. Meanwhile, a report by the Office for National Statistics showed the UK economy grew as expected by 0.1% in the first quarter of 2023, despite a 0.3% contraction in March on a monthly basis.
The pound added 0.1% against the U.S. dollar.
(Reporting by Johann M Cherian in Bengaluru; Editing by Rashmi
Aich)
UK hot stocks: and Wall Street: Gilts report: Euro bond report Pan European stock report: Tokyo stocks: HK stocks: Sterling report: Dollar report:
* For company prices, click on -
* Company directory: By sector:
* For pan-European market data, click on -
* European Equities speed guide................ FTSE Eurotop 300 index........................... DJ STOXX index................................... Top 10 STOXX sectors........................ Top 10 EUROSTOXX sectors................... Top 10 Eurotop 300 sectors.................. Top 25 European pct gainers.................... Top 25 European pct losers..................... ))
