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FTSE 100 ends higher despite slump in Tesco shares



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FTSE 100 Index

Last Updated at 17 Nov 2017, 16:23 GMT *Chart shows local time FTSE 100 intraday chart
value change %
7380.68 -
-6.26
-
-0.08

Top winner and loser

Sky

940.00 p +
+37.00
+
+4.10

United Utilities Group

798.00 p -
-36.50
-
-4.37
value change %

FTSE 250 Index

19797.83 -
-52.17
-
-0.26

FTSE 350 Index

4102.67 -
-4.73
-
-0.12

FTSE All Share Index

4051.78 -
-4.62
-
-0.11

FTSE Techmark Index

4553.63 -
-14.14
-
-0.31

(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.

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%.

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.

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.