UK stocks closed up at the end of a tough week, on the back of signs the economy may be reviving. ...
UK stocks closed up at the end of a tough week, on the back of signs the economy may be reviving. BP, Shell and Lloyds TSB Group led the advances, but Prudential and CGNU also climbed after the FSA relaxed rules on how much money insurers need to meet liabilities. The FTSE 100 Index gained 2.3% to 4643.6 points to close the week up 0.8% as new figurds suggest the UK economy grew in the first quarter because consumer and government spending rose, and construction increased at its fastest pace in 12 years. CGNU advanced 39p, or 7.9%, to 530.5p and Prudential also jumped 44p or...
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