FTSE 100 rose 0.5% or 26.8 points to close at 5,896.9
by Greg Secker on Apr.20, 2011, under Greg's Blogs
UK Report 20th April 2011
UK markets closed higher yesterday, as retailers, miners and oil producers recorded gains. Among retailers, shares of Burberry jumped 6.0%, after the company’s fiscal fourth-quarter sales surpassed market expectations, while Marks & Spencer benefited from an upgrade by Citigroup. However, Tesco, down 1.6%, bucked the trend, after the company warned that its domestic market would remain “challenging”. Miners, Anglo American, Xstrata and Vedanta Resources, gained between 1.5% and 2.4%, as base metal prices increased. Oil producers, Cairn Energy, Petrofac and Antofagasta, added between 1.0% and 1.3%, as oil prices advanced.
FTSE 100 rose 0.5% or 26.8 points to close at 5,896.9. FTSE 250 climbed 0.7% or 83.8 points to 11,574.5.
