Sage Group has bolstered the FTSE 100 index morning rebound after reporting an increase in its first-half profit, because of increased acquisitions in Europe and the US.
The UK benchmark is up around 16 points to 4926.5 points, while the accounting software provider has picked up 5p to 204.5p. Sugar firm Tate & Lyle is also up 9.5p to 478.5p, while Kingfisher has dropped 2p to 264.5 as the retailer is reportedly in takeover talks with US-based Home Depot. Increasing oil prices dragged the Nikkei 225 Stock Average down 0.1% in Japan at its close early this morning. Crude oil increased for a fifth day, up 0.7% to $52.38 a barrel in New York yesterday, sparking concern about the profitability of Japanese companies with overseas sales. Sony, the electro...
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