George Bush announcement boosts FTSE

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In London, markets were up on news that George Bush will announce reforms to help sub-prime borrowers and the FTSE 100 was up 29.4 points, or 0.47%, to 6,241.4.

Anglo American shares jumped 48 points, or 1.73%, to £28.19, followed by Kazakhmys, which gained 20 points, or 1.6%, to £12.68. BP shares climbed 8.5 points, or 1.54%, to 559.5p, Royal Dutch Shell ‘A’ added 29 points, or 1.53%, to £19.27, and Royal Dutch Shell ‘B’ gained 28 points, or 1.47%, to £19.28. Rentokil shares fell 2.2 points, or 1.29%, to 167.8p, Home Retail shares dropped 5.25 points, or 1.25%, to 413.5p and WPP Group lost 5 points, or 0.71%, to 699.5p. On Wall Street, trading was mixed with speculation of an interest rate cut coupled with new economic data, which failed to mee...

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