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London Markets: FTSE 100 lifted by rising supermarket stocks, weaker pound [MarketWatch]

TESCO PLC SPON ADR (TSCDY)  More Company Research Source: MarketWatch
NASDAQ:AMEX Investor Relations: tescoplc.com/investors
PDF FTSE 100 lifted by rising supermarket stocks, weaker pound U.K. blue-chip stocks advanced on Tuesday , with supermarket shares marching higher after private retail sales data and a ratings upgrade for Tesco PLC. The market overall also got a lift as the pound was pulled lower on political concerns. What markets are doing: The FTSE 100 index UKX, +0.09% was up 0.3% at 7,362.55, led by gains for shares in consumer goods and services, oil and gas and financial companies. But the basic materials and technology groups were losing ground. The benchmark on Monday rose 0.5% . The pound GBPUSD, -0.3710% traded at $1.3389, down from $1.3478 late Monday in New York. Against the euro, sterling GBPEUR, -0.3521% bought €1.1306, less than €1.1360 on Monday. What’s moving markets: Supermarket chain Tesco landed a ratings upgrade from Goldman Sachs, sending its shares to the top of the FTSE 100. Overall, consumer-related shares were higher after the British Retail Consortium and KPMG said r [Read more]

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