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FTSE shakes off last week's wobbles



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FTSE 100 Index

Last Updated at 21 Nov 2017, 16:21 GMT *Chart shows local time FTSE 100 intraday chart
value change %
7411.34 +
+21.88
+
+0.30

Top winner and loser

easyJet

1343.00 p +
+65.00
+
+5.09

Babcock International Group

703.50 p -
-51.00
-
-6.76
value change %

FTSE 250 Index

19943.98 +
+72.69
+
+0.37

FTSE 350 Index

4121.97 +
+12.66
+
+0.31

FTSE All Share Index

4070.45 +
+12.40
+
+0.31

FTSE Techmark Index

4579.86 +
+22.06
+
+0.48

(Close): Supermarkets helped London's main index return to positive territory after last week's heavy falls.

The FTSE 100 closed up 63.5 points to 6,804.1, led higher by Sainsbury's, up 3.67%, and Tesco, 3.65% better.

Over the weekend Bloomberg reported that advertising giant WPP had made a bid for a majority stake in Tesco's data unit, Dunnhumby - a business thought to be worth £2bn.

Tullow Oil was again hit by the falling price of crude, ending 5.7% off.

Elsewhere, Ireland-based building materials company CRH fell 4.4% on news that the cement mega-merger between Lafarge and Holcim may be put on ice.

CRH had agreed to buy Lafarge Tarmac, but this deal may now be jeopardised if the merger doesn't materialise.

Insurers edged higher after Chancellor George Osborne announced plans to give five million pensioners with existing annuities the right to cash them in from April next year. rose 1.89%.

The currency markets saw traders take profits following recent trends as the pound - which has soared to new highs against the euro in recent days - slipped a cent to finish the session just below 1.40.

Meanwhile, sterling was a cent up against the US dollar to over 1.48 after tumbling to a near five-year low last Friday.