A gain of 1 point took the FTSE to 4,617.40 by the close, led by supermarket retailer WM Morrison.
The company gained 28.5p to 222.75p after announcing it would speed up the renaming of Safeway stores it acquired earlier this year. Sales at stores already changed have increased. Reuters gained 15p to 363p after announcing talks with BT, which would see one of Reuter’s businesses sold for up to more than $200m. Xstrata closed up 21p at 874p after competitor BHP Billiton reported increased output to meet demand for commodities from China. Pru closed down 5.75p at 386.25p, its sixth straight day of losses. The market capitalisation value has dropped more than £1.5bn in that time, w...
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