After an eight-day slide the benchmark FTSE 100 Index has rebounded adding 55.7 points, or 1.4%, ...
After an eight-day slide the benchmark FTSE 100 Index has rebounded adding 55.7 points, or 1.4%, to 3980.7 as recorded at 10 this morning. UK stocks rose as retailer Kingfisher and Alliance & Leicester posted higher earnings or said profit will meet analysts' estimates.
Alliance & Leicester climbed 20p, or 2.6%, to 786.5. The seventh-largest U.K. bank said it expects 2002 pretax profit to increase about 14 percent, matching analysts' forecasts.
Kingfisher added 9.75p, or 4.7%, to 216.5. The world's third-largest home-improvement retailer said third-quarter profit from retail operations rose 16% as sales growth accelerated at B&Q, Britain's biggest do-it-yourself chain.
BAA Plc rose 5p, or 1%, to 519. The world's biggest airport operator said the number of passengers travelling through its U.K. airport terminals in November rose 14.3 percent compared with the year-earlier month, when the terrorist attacks in the U.S. hurt global air traffic.
The Dow Jones Industrial Average and Nasdaq Composite closed up last night, ending a week of falls. Much of the improvement was driven by bargain hunters picking up stocks in the hope of an end-of-year rally.
The Dow was up 100.85, or 1.19%, at 8574.26 while the Nasdaq closed at 1390.76 up 23.62 points, or 1.73%. The S&P 500 Index was also up 12.45, or 1.4%, at 904.45.
Meanwhile in Asia, Japanese stocks fell, led by companies that rely on domestic sales such as Seven-Eleven Japan Co., on concern a central bank survey will show that businesses were pessimistic about the economy for an eighth quarter.
The Nikkei 225 Stock Average declined 0.9% to 8727.66 at the 3 p.m. close in Tokyo.
Taiwan's TWSE Index dropped 1.2%. ProMos Technologies Inc. paced the decline after Infineon Technologies AG yesterday said it plans to sell its stake in the island's fourth-largest memory-chip maker.
South Korea's Kospi index shed 0.6%, led by Hynix Semiconductor Inc., after the Korea Economic Daily reported that the chipmaker's creditors may force shareholders to accept one share for every 21 shares they own as part of a bailout.
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