FTSE races to three year high

The property firm added 35p to £14.71. It recently acquired privately owned LXB Properties for around £360m. Catering firm Compass group also profited 5.25p to 226.25p, after reporting half-year turnover increased 6% to £6,191m. Wolseley, a distributor of plumbing and heating equipment, advanced 24p to £11.62, along with Shell Transport & Trading, up 10.50p to 516.50p, as crude oil climbed above $57 a barrel in New York. On the losing end, steel maker Corus shed 1p to 43.50p, after announcing interest in a stake in Turkish steelmaker Erdemir. Allied Domeq also slipped 12p to 680p, a...