FTSE advances for a second day thanks to M&S

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In the UK the FTSE 100 Index has advanced for a second day, adding 17 points, or 0.3%, to 5391.5 led by Marks & Spencer Group after the country's biggest clothing retailer said quarterly revenue gained for the first time in two years.

Marks & Spencer has climbed 13.75p, or 3.6%, to 397.75p, as sales at outlets open at least a year increased by 1.3% in the second quarter. Royal Bank of Scotland Group has also made gains following reports it may be among four short-listed bidders for 18 Hilton Group hotels. The company’s share price is up 18p, or 1.1%, to 1,612p. In Japan, the Nikkei 225 Stock Average added 328.97 points, or 2.5%, to 13,556.71, at its close a short time ago, rising the most since October last year. Banks such as Mitsubishi UFJ Financial Group led the rally after a government report showed machinery or...

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