FTSE 100 gained 1.5% or 85.0 points to 5,880.9.
by Greg Secker on Mar.25, 2011, under Greg's Blogs
25th March 2011 UK Report
UK markets closed higher yesterday, led by gains in retailers, miners and oil producers. Retailers, Kingfisher, Next and WM Morrison Supermarkets, climbed between 0.6% and 7.2%, after Kingfisher and Next reported their earnings updates that surpassed market expectations. Retail stocks also rose after Deutsche Bank took a positive stance on the sector. Miners, Rio Tinto, Antofagasta and ENRC, advanced between 1.3% and 2.5%, amid hopes that reconstruction opportunities in Japan would spur demand for raw materials. Banks also traded higher, with Barclays up 1.3%, after Credit Suisse reiterated its “Outperform” rating on the stock. FTSE 100 gained 1.5% or 85.0 points to 5,880.9. FTSE 250 added 1.4% or 158.2 points to 11,605.5.
