Kamis, 12 September 2013

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London Market Report

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(Open): Shares in London edged higher in early trading.

The FTSE 100 was up 7.7 points at 6596.11.

Wm Morrison Supermarkets shares were the biggest winners on the index, adding more than 4%, despite reporting falling profits and sales.

But chief executive Dalton Philips said the firm is seeing a "steady" improvement in like-for-like sales and forecast an improved performance in the second half of the year.

Shares in TUI Travel, the owner of Thomson, were also doing well adding more than 2%. The company has been undergoing a major reorganisation of its business under a new boss.

On the currency markets the pound slipped 0.1% against the dollar to 1.57960.



Source: BBC News - Business http://www.bbc.co.uk/news/business-11899862#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa