The benchmark FTSE 100 closed up 12.50 points today at 4,505.80 after UK stocks rose for a fourth day, paced by GUS and Tesco.
GUS, the owner of Argos and Homebase stores, rose 10p to 864p after an analyst at UBS AG increased his share-price forecast on the stock by 5.4% to 975 pence.
Tesco climbed 4p to 267p. The supermarket chain said first-quarter sales increased 12% as it cut prices and added a new range of products.
Bradford & Bingley fell 3p to 274.5p after an analyst at Merrill Lynch & Co. cut the lender’s shares to “sell” from “neutral”.
Misys, a software provider, lost 16.75p to 197.25p.
In the US, the Dow Jones Industrial Average index has so far gained about 51 points to 10,429, and the S&P 500 index has so far climbed about 5.5 points to 1,137.
Nasdaq's Composite index is currently up almost 10 points to 1,993.IFAonline
Three examples of compensation rule issues
Buying in baskets
Scam victims lost average £91,000
Stepped down following MBO
Helped by rising oil price