FTSE 100 rises

London's FTSE 100 index rose on Wednesday, rebounding from an early fall partly thanks to solid quarterly results from data firm Experian, while investors remained hopeful of a recovery after the looming new coronavirus-induced recession.

The world's biggest credit data firm Experian Plc jumped 7.4% to a more-than-10-week high after it reported higher annual revenue.

The blue-chip FTSE 100 gained 1.1%, after falling as much as 0.7% earlier in the day. The mid-cap FTSE 250 added 0.3%, extending its rally to a fourth day.

The FTSE 100 has now recovered about 22% from its March lows as governments and central banks launched historic stimulus measures to aid businesses and families impacted by a near standstill in activity due to the pandemic. Rolls-Royce rose 2.3% after the company said it plans to cut at least 9,000 jobs, or more than a sixth of its workforce.