The benchmark FTSE 100 closed up 12.50 points today at 4,505.80 after UK stocks rose for a fourth day, paced by GUS and Tesco.
GUS, the owner of Argos and Homebase stores, rose 10p to 864p after an analyst at UBS AG increased his share-price forecast on the stock by 5.4% to 975 pence. Tesco climbed 4p to 267p. The supermarket chain said first-quarter sales increased 12% as it cut prices and added a new range of products. Bradford & Bingley fell 3p to 274.5p after an analyst at Merrill Lynch & Co. cut the lender’s shares to “sell” from “neutral”. Misys, a software provider, lost 16.75p to 197.25p. In the US, the Dow Jones Industrial Average index has so far gained about 51 points to 10,429, and the S&P 5...
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