Kingfisher spearheads FTSE rebound

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 o...