The FTSE rose 1.2% to 6143.60 this afternoon thanks to gains by Morrison Supermarkets .
The retailer rose 8.03% to 292.75p following interim results showing a third quarter 3.7% rise in like-for-like sales compared to the same period last year. Hammerson, the real estate investment trust (REIT), rose 8.03% to 993.5p, despite reports the credit crunch has already dampened the property market. Commodities fell as Xstrata dropped 3.39% to 2849p and Antofagasta slid 2.9% to 637p. In Japan, the Nikkei rose 0.3% to 14,888.77 while the Topix fell 0.1% to 1,437.38. To comment on this story contact: Jennifer Bollen Reporter Tel: 020 7034 2679 E-mail: Jennifer.bollen@incisive...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
