UK stocks up on China tariff cut, but Royal Mail at life low
Share:
(Reuters) - UK shares advanced for a fourth straight session on Thursday as risk sentiment picked up after China pledged to halve tariffs on some U.S. imports, though Royal Mail slid to an all-time low after warning of a challenging year ahead.China will cut additional tariffs levied against 1,717 U.S. goods last year, after a Phase 1 trade deal was signed last month, and as fears persist over the coronavirus outbreak, which has killed more than 550 people.The FTSE 100 rose 0.3%, but oil majors..