UK stocks ended the day on a positive note paced by retailer GUS after the company agreed to sell so...
UK stocks ended the day on a positive note paced by retailer GUS after the company agreed to sell some home-shopping units.
The benchmark FTSE 100 Index rose 12.6 points, or 0.38%, to 3,992.40, after shedding earlier during the day, and the FTSE All Share Index added 5.22 points to 1,937.37.
The owner of Britain's No. 2 home-improvement chain, GUS, advanced 33.75p to 626.5p after the company agreed to sell its home-shopping units in the UK, Ireland and Sweden and its Reality logistics business for £590m to the Barclay brothers in a bid to reduce debt.
The UK provider of mortgage loans, Bristol & West Investments, also advanced and gained 1p to 10.25p as the company's full-year profit increased by 21%.
Britain's largest commercial local radio broadcaster, Capital Radio, rose 37.5p to 477.5p after it was revealed that Guardian Media Group may make an offer for the company.
Meanwhile, Europe's largest defense contractor, BAE Systems, dropped 2.75p to 125.75p after yesterday announcing that it hasn't been able to settle an agreement with the MoD on splitting the financial risk of a £2.8bn contract for aircraft carriers.
UK engineering group Invensys also suffered a loss as the company's shares shed 0.5p to 15.25p.
Today's biggest FTSE 100 loser was Vodafone Group, dropping 3p to 122.5 after the company announced that revenue and subscriber growth may slow this year - shares had gained this morning.
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