FTSE breaks through 6,200

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The FTSE100 sailed through the 6,200 mark to close the week up 128 at 6,215.

One of the main drivers was better than anticipated jobs data from the US. This helped stocks including building supplies company Wolseley, which is exposed to the US, to high gains (up 8%). Next and Kingfisher also performed well but utilities including United Utilities and Severn Trent fell. The US market opened strongly with the Dow Jones up 72 points at 13,082. Yahoo rose following rumours of a Microsoft bid for the group while energy stocks also strode ahead as oil prices increase again. IFAonline

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