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FTSE 100 rally continues | FTSE 100 rally continues |
(about 4 hours later) | |
(Noon): The FTSE 100 continued its pre-Christmas rally, but outside the main index shares in Thorntons dived by a quarter after it issued a profit alert. | |
Thorntons sank 26.75p to 91.5p after the chocolate maker said this year's profits would be below last year. | |
The benchmark FTSE 100 index was up 24.07 points at 6,600.81. | |
However, the index gave up some of its earlier gains after the UK current account deficit rose to £27bn, or 6% of GDP, in the third quarter. | |
Official figures also revised down the annual rate of GDP growth in the third quarter to 2.6% from 3%. | |
Supermarket shares were in demand, with Tesco up 2.7% and Morrisons 2.4% higher. | |
On the currency markets, the pound fell 0.2% against the dollar to $1.5553 and was also 0.2% lower against the euro at €1.2723. |