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| FTSE 100 ends higher despite slump in Tesco shares | |
| (7 months later) | |
| (Close): London's benchmark FTSE 100 index recovered early losses to close up 18.46 points, or 0.3%, at 6,418.19. | (Close): London's benchmark FTSE 100 index recovered early losses to close up 18.46 points, or 0.3%, at 6,418.19. |
| British Airways owner IAG led the way, rising 3.4% after Credit Suisse put out a positive analyst note. | British Airways owner IAG led the way, rising 3.4% after Credit Suisse put out a positive analyst note. |
| Troubled supermarket Tesco provided the biggest story of the day, announcing chairman Sir Richard Broadbent would leave after the firm revealed a bigger-than-forecast hole in profits. | Troubled supermarket Tesco provided the biggest story of the day, announcing chairman Sir Richard Broadbent would leave after the firm revealed a bigger-than-forecast hole in profits. |
| Tesco was the worst performer on the index, down 6.6%. | Tesco was the worst performer on the index, down 6.6%. |
| Tullow Oil, down 4.2%, and Unilever, 3.7% lower, also suffered. | Tullow Oil, down 4.2%, and Unilever, 3.7% lower, also suffered. |
| Drugmaker GlaxoSmithKline enjoyed a second day of gains, up 2.5% after announcing better-than-expected profits on Wednesday. | Drugmaker GlaxoSmithKline enjoyed a second day of gains, up 2.5% after announcing better-than-expected profits on Wednesday. |
| On the currency markets, the pound was almost unchanged against the dollar at $1.6037 and dropped 0.2% against the euro to 1.2666 euros. |