FTSE gains on mining stocks estimates

The FTSE 100 index closed the day up 25.9 points or 0.5% to 4846.7 and the FTSE All-Share index added 0.5% to 2432.5 after distributor of heating systems Wolseley rose 6% to £10.74 on the back of improved operating profit and mining stocks jumped thanks to an improved earnings estimate from Morgan Stanley. Rio Tinto and BHP Billiton both eventually gained 2.6% to lift the firms to £15.90 and 642p respectively. Tesco, the UK’s largest supermarket, also closed up 6.5p or 2.1% higher at 323.5p as the firm is tomorrow expected to announce holiday sales increases thanks to non-food goods ...