FTSE 100 ends higher on miners boost, rates optimism
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FTSE 100 up 0.6%, FTSE 250 adds 0.5%
Metal mining stocks lead gains
Barratt says regulator's concern waived for Redrow acquisition
Plus500 sees annual results above market view, shares jump
Updated at 1615 GMT
By Khushi Singh and Purvi Agarwal
Aug 19 (Reuters) -London stocks ended higher on Monday, boosted by a rise in metal mining shares as prices of most base and precious metals advanced, while homebuilder Barratt gained after the competition regulator's condition was waived for its deal to buy Redrow.
The blue-chip FTSE 100 index .FTSE was up 0.6%, led by a 2.4% gain in precious metal miners .FTNMX551030 amid a recent record run in gold prices, which traded above $2,500 per ounce.
Industrial metal miners .FTNMX551020 surged 2.1% after copper prices notched a 2-1/2 week high, with buying spurred by signs of improving demand in top consumer China and a sliding dollar.
Homebuilder Barratt Developments BDEV.L jumped nearly 4% to top FTSE gainers 100 after a condition by the competition regulator for its acquisition of smaller rival Redrow RDW.L was waived to satisfy a legal completion this week.
Real estate .FTUB3510 and real estate investment trust shares .FTNMX351020 moved more than 1% higher after property website Rightmove said British estate agents reported higher buyer interest since the Bank of England's interest rate cut.
Aerospace and defence stocks .FTNMX502010, however, inched 0.4% lower, tracking losses in European defence stocks following reports the German federal government would reject new military aid requests for Ukraine due to spending cuts.
All eyes this week will be on the Jackson Hole economic symposium of the Federal Reserve, where Chair Jerome Powell will be speaking on Friday and investors will look for clues on the bank's interest-rate path.
The mid-cap FTSE 250 .FTMC ended 0.5% higher. Plus500 PLUSP.L was among the top gainers on the index, adding 4.1% after the online trading platform forecast its annual results to be above market view and also recorded a 13% jump in new customers in the first half of the year.
Reporting by Khushi Singh, Purvi Agarwal in Bengaluru; Editing by Sherry Jacob-Phillips and Alex Richardson
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