Morrisons helps Britain's FTSE bob below record high [Reuters]
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Source: Reuters
Morrisons helps Britain's FTSE bob below record high | Reuters 3 Min Read LONDON (Reuters) - The UK’s top share index came within a whisker of a record high on Tuesday as Morrisons led a buoyant retail sector on the back of a well-received Christmas trading update. Britain’s blue chip FTSE 100 index was up 0.3 percent at 7,720.19 points by 0955 GMT, while mid caps gained 0.1 percent. Shares in Morrisons were among the best performers on the FTSE, up 2.6 percent after the supermarket chain beat sales expectations in the all-important Christmas trading period. This boded well for other British food retailers, as shares in peers Marks & Spencer and Sainsbury also rose 3.3 percent and 1.3 percent respectively. “The Morrisons update is clearly better than expected,” said Mike van Dulken, head of research at Accendo Markets. “Marks has got the double benefit of both food and clothing and houseware. Next gave a good update from the clothing and the houseware section, Morrisons is giving a go
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