Strong sales figures from Tesco and its prospects for future expansion helped the FTSE across an important psychological barrier today as the market closed up above 4,600 points.
The FTSE 100 index closed up 28.9 points or 0.63 to 4,608.4 after Tesco reported sale of new products and growth overseas, has given the firm its biggest gain in at least 3½ years. Tesco closed up an extra 9.75p or 3.54% to 285p. The FTSE All-Share index added 11.8 points or 0.5% to 2288. BP also earned 9.6p or 1.8% to 538p after forecasting higher demand for natural gas, however, its rival Shell Transport & Trading – which is 40% owned by Shell – is due to report tomorrow. And on the FTSE All Share, Bloomsbury Publishing, the firm behind the Harry Potter books, eventually closed f...
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