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London stock market rallies | |
(about 5 hours later) | |
(Close): London's benchmark index of blue-chip stocks was ahead when markets closed on Wednesday. | |
The FTSE 100 was up by 76.47 points, or 1.13% at 6830.27 | |
Among the winners was supermarket chain Sainsbury's, up by 4.54% despite reporting a sixth straight quarter of falling sales. | |
Other gainers included fellow grocer Tesco, ahead by 4.63% and also bank Standard Chartered, up by 5.80%. | |
Miners Anglo American and Rio Tinto were ahead by 2.50% and 2.18% respectively. | |
The Weir Group closed down by 0.42% after saying it expected its full-year results to be more weighted towards the second half of the financial year. | |
Imperial Tobacco Group closed up 0.97% despite calls for a tobacco levy to help smokers quit. | |
On the currency markets, the pound was up 0.79% against the dollar to $1.5507, and up 0.62% against the euro to €1.3722. |