GUS leads FTSE fightback

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In the UK, the FTSE 100 Index has started well, after a three day slide, adding about 40 points to 5241.40 this morning, led by Gus.

The retail group has climbed 32p to 886p, after reporting an increase in revenue at its Experian credit-checking business overriding a slowdown in consumer spending at Argos during the first quarter. Mining stocks have increased, including Rio Tinto, up 52p to 1812p and BHP Billiton adding 19p to 762p. Rio Tinto reported operations near capacity, while analysts raised estimates for the company. Xstrata has also climbed 28p to 1144p, with betting firm William Hill adding 14.5p to 558.5p. Leading fallers, Capita is down 4p to 346.25p. In Tokyo, the Nikkei 225 Stock Average added 0.2% ...

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