London stocks steady after five straight days of losses

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* FTSE 100 up 0.6%, FTSE 250 adds 0.7%

June 14 (Reuters) - UK shares steadied on Tuesday, with some positive impetus from financial stocks and several strong earnings updates, a day after economic slowdown concerns dragged the main British indexes to their fifth straight session of losses.

The FTSE 100 .FTSE was up 0.6% by 0712 GMT, with shares in British bank HSBC HSBA.L gaining 2.6% to provide the biggest boost to the blue-chip index.

Oil majors BP Plc BP.L and Shell Plc SHEL.L rose 1.5% and 0.8% respectively, tracking volatile crude prices.

The domestically-focussed mid-cap FTSE 250 index .FTMC advanced 0.7%, after closing at its lowest level in more than three months on Monday.

Paragon Banking PAGPA.L gained 4.7% after upgrading its 2022 forecasts and flagging strong new lending growth.

FirstGroup FGP.L rose 1.2% after the transport company reported a bigger annual profit and resumed dividend payments, as passenger numbers on its buses improved after the relaxation of COVID-19 curbs.

Crest Nicholson CRST.L climbed 6.1% after forecasting fiscal year 2022 adjusted profit before tax of between 135 million pounds and 140 million pounds. The housebuilder reported an adjusted profit of 107.2 million pounds in 2021.
Reporting by Devik Jain in Bengaluru

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