FTSE feeds off US job report

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In the UK the FTSE 100 Index profited from a US jobs report to close the day 21.50 points higher at 5,036.30.

United Utilities paced the gains board, adding 19.25p or 4.6% to 435.25p, while logistics firm Exel added 29p to 839p after raising its 2004 dividend, adding that it may return cash to investors. Rentokil Initial lost 5.75p to 164.50p, along with pharmaceuticals firm GlaxoSmithKline, down 29p to 1,289p. Glaxo had its Paxil CR and Avandamet diabetes tablets confiscated by the Food and Drug Administration because manufacturing practices failed US standards. US stocks advanced after government figures on employment suggested that job creation will boost the economy. The Dow Jones Indust...

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