GKN hit by concerns about rising costs
by Greg Secker on Apr.08, 2011, under Greg's Blogs
UK Report 8th April
UK markets closed lower yesterday, with most of the FTSE 100 index topping at a six week high, as retailers and banks recorded gains. Marks & Spencer, led the retailers higher, after the company predicted that its profitability for the current year would improve. Banks, Lloyds Banking Group, Barclays and Royal Bank of Scotland Group, gained between 2.7% and 3.9%, on speculation that the Independent Commission on Banking would not recommend a breakup of the big banks. Miners, Kazakhmys and Antofagasta paced gains, helped by higher base metal prices. In the leisure sector, broker upgrades benefited the shares of TUI Travel and Thomas Cook Group.
FTSE 100 fell to 6009 after reaching 6 week highs
