GUS and mining stocks ease FTSE back up

The retail group has closed 47p or 5.5% higher to 901p, after reporting an increase in revenue at its Experian credit-checking business overriding a slowdown in consumer spending at Argos during the first quarter. Mining stocks also dominated the market boost, including Rio Tinto, up 78p or 4.5% to 1838p, after the iron-ore exporter said second-quarter production of the steelmaking raw material rose 15% as a result of an increase in mine capacity in Western Australia. BHP Billiton added 29p to 772p, after it reported operations near capacity, along with raised estimates for the company ...