FTSE 100 rose 0.1% or 7.1 points to 6,017.0.
by Greg Secker on Apr.05, 2011, under Greg's Blogs
UK Report 5th April 2011
UK markets closed higher yesterday, as miners and retailers recorded gains. Miners, Antofagasta, Xstrata and Rio Tinto, gained between 1.3% and 1.9%, as most metal prices strengthened. Tesco, up 1.2%, led retailers higher, after Credit Suisse Group recommended investors to acquire the shares of the company, ahead of the release of its 2010 earnings report on 19 April. However, gains in the FTSE 100 index were limited due to losses in travel and banking stocks. Banks, Royal Bank of Scotland, HSBC Holdings and Lloyds Banking, dropped between 1.1% and 1.2%, as investors remained nervous over capital levels and potential regulatory reforms. Travel stocks, International Consolidated Airlines and TUI Travel paced declines, as oil prices continued to remain near elevated levels. FTSE 100 rose 0.1% or 7.1 points to 6,017.0. FTSE 250 added 0.5% or 57.8 points to 11,766.6.
