The FTSE 100 Index has added 31.50 points, or 0.5%, to 6081.90 paced by ICAP after the world's largest broker of transactions between banks said this morning it had bought back stock worth £8.9m and plans to repurchase more.
Tesco is leading retailers lower after the company said the UK was a subdued market in the third quarter and an industry group survey showed UK retail sales increased at the slowest pace in nine months in November. ICAP, the world's largest broker of transactions between banks, has gained 15.75p, or 3.5%, to 461p. The company bought 2m ordinary shares at 444.86p each yesterday. The purchase represents about 0.3% of the company's total 646m ordinary shares. Amvescap, the owner of Aim and Invesco mutual funds, has advanced 14.5p, or 2.7%, to 558p. Tesco has fallen 2.75p, or 0.7% to 394.75...
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