FTSE needing cafffeine injection to wake up

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In the UK the FTSE 100 index of leading shares has climbed back up 2 points in morning trading to 5340 Caffe Nero leading the benchmark.

Caffe Nero has jumped 7p to 217p in opening trade after the company posted a 156% leap in annual earnings, boosted by new store openings. The cafe operator also reported an encouraging start to the current fiscal year, with sales having risen 34% in the first quarter. Interim profits at door-to-door lender Provident Financial fell to £82.9m from £84.0m year earlier, a decline the company has blamed on losses at its Yes Car Credit arm. Provident says its other operations performed strongly in the period shares fell by 5p to 633.5p in opening trade. BPB has added 6.5p to 742.5p, after ...

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