Advertisement
UK markets closed

  • FTSE 100

    8,139.83
    +60.97 (+0.75%)
     

  • FTSE 250

    19,824.16
    +222.18 (+1.13%)
     

  • AIM

    755.28
    +2.16 (+0.29%)
     

  • GBP/EUR

    1.1679
    +0.0022 (+0.19%)
     

  • GBP/USD

    1.2494
    -0.0017 (-0.13%)
     

  • Bitcoin GBP

    50,534.00
    -1,066.54 (-2.07%)
     

  • CMC Crypto 200

    1,304.48
    -92.06 (-6.59%)
     

  • S&P 500

    5,099.96
    +51.54 (+1.02%)
     

  • DOW

    38,239.66
    +153.86 (+0.40%)
     

  • CRUDE OIL

    83.66
    +0.09 (+0.11%)
     

  • GOLD FUTURES

    2,349.60
    +7.10 (+0.30%)
     

  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

  • HANG SENG

    17,651.15
    +366.61 (+2.12%)
     

  • DAX

    18,161.01
    +243.73 (+1.36%)
     

  • CAC 40

    8,088.24
    +71.59 (+0.89%)
     
PROPERTY:

9 luxury homes to consider if money is no object

Ever thought about what a multimillion pound budget would buy you?

Britain's FTSE rallies as Experian and SABMiller outperform

Reuters - UK Focus

* FTSE 100 up 0.6 pct

* Experian (Other OTC: EXPGF - news) rallies on upgrades following results

* SABMiller (Xetra: BRW1.DE - news) up after AB InBev launches takeover

* Sainsbury (Amsterdam: SJ6.AS - news) sees volatile trade after results

By Kit Rees

LONDON Nov 11 (Reuters) - UK shares advanced on Wednesday, shrugging off weak Chinese industrial output data as Experian (Amsterdam: EP8.AS - news) sustained a rise prompted by its results in the previous trading session.

Britain's blue-chip FTSE 100 index was up 0.6 percent at 6,312.43 points at 0946 GMT.

The top riser was credit data company Experian, lifted almost 3 percent by a price target upgrade from broker Citigroup (NYSE: C - news) . The stock surged on Tuesday after its earnings beat expectations.

ADVERTISEMENT

"One thing that a lot of companies have been hit by is ... FX weakness coming through, then growth decreasing in the U.S (Other OTC: UBGXF - news) ., but on something like Experian what we have seen is that the numbers are actually pretty solid," Atif Latif, director of trading at Guardian Stockbrokers, said.

Brewer SABMiller rose 2.5 percent after AB InBev launched a $100 billion-plus takeover bid on Wednesday and agreed to sell SABMiller's 58 percent stake in U.S. joint venture MillerCoors.

Grocer Sainsbury rallied earlier in the session after its earnings beat expectations, yet its shares fell 0.7 percent on its 18 percent fall in first half profit.

"Despite all the positive talk about strategy delivery, Sainsbury continues to lose sales and market share and reduce margins thereby reducing return on capital. Sainsbury expects the tough background to be maintained through the second half so respite is still some way off," David Stoddart, analyst at Edison Investment Research, said in a note.

Among mid-caps telecoms provider Talktalk, whose share price suffered after a cyber attack in October, jumped 12.3 percent after the company raised its interim dividend by 15 percent and adhered to its guidance for this financial year. (Reporting by Kit Rees; Editing by Ruth Pitchford)