The FTSE100 is over 1% higher in mid-morning trading on a fairly volatile opening for many London blue-chip stocks. It is currently 58.40 points (1.1%) ahead to 5378.60.
Building supplies group Wolseley leads the way on rumours it may offload its US operations, up 10.83% to 391.50. TUI Travel has bounced back form the Goldman Sachs downgrade, 8.75% higher to 212.50. Rival Thomas Cook is also doing well, 6.75% ahead to 213.50. Retailer Kingfisher is also among the strong gains, up 7.71% to 132.70. Tullow Oil is struggling after oil fell below $120 a barrel in New York, down 6.19% to 720. Miners are also sluggish once again, with Eurasian 4.81% lower to 950 and Ferrexpo declining 4.19% to 257.25. In New York, a late dive sent Wall Street lower on Mond...
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