Advertisement
UK markets close in 7 hours 29 minutes

  • FTSE 100

    8,060.52
    +36.65 (+0.46%)
     

  • FTSE 250

    19,663.30
    +63.91 (+0.33%)
     

  • AIM

    751.68
    +2.50 (+0.33%)
     

  • GBP/EUR

    1.1578
    -0.0010 (-0.09%)
     

  • GBP/USD

    1.2363
    +0.0013 (+0.10%)
     

  • Bitcoin GBP

    53,474.54
    +69.29 (+0.13%)
     

  • CMC Crypto 200

    1,393.78
    -20.98 (-1.48%)
     

  • S&P 500

    5,010.60
    +43.37 (+0.87%)
     

  • DOW

    38,239.98
    +253.58 (+0.67%)
     

  • CRUDE OIL

    82.42
    +0.52 (+0.63%)
     

  • GOLD FUTURES

    2,324.30
    -22.10 (-0.94%)
     

  • NIKKEI 225

    37,552.16
    +113.55 (+0.30%)
     

  • HANG SENG

    16,813.34
    +301.65 (+1.83%)
     

  • DAX

    17,974.44
    +113.64 (+0.64%)
     

  • CAC 40

    8,053.05
    +12.69 (+0.16%)
     
Money:

What is the true cost of the UK state pension?

To get a sense of the true value of the state pension, you can look at how much you would need to save to match it yourself

Britain's FTSE rises as Burberry and Tesco advance

Reuters - UK Focus

(ADVISORY- Follow European and UK stock markets in real time on the Reuters Live Markets blog on Eikon, see cpurl://apps.cp./cms/?pageId=livemarkets)

* FTSE 100 closes up 0.3 pct at 6,830.79 points

* Burberry and Tesco (Xetra: 852647 - news) among top performers

* IAG shares fall in wake of slide at Air France (Paris: FR0000031122 - news)

* FTSE 100 up around 10 pct so far in 2016

By Sudip Kar-Gupta

LONDON, Sept 20 (Reuters) - Britain's top shares index rose on Tuesday, lifted by gains in consumer goods stocks ranging from luxury fashion group Burberry to supermarket retailer Tesco.

The blue-chip FTSE 100 index closed up 0.3 percent at 6,830.79 points.

ADVERTISEMENT

Burberry climbed 3.6 percent, the best-performing FTSE 100 stock in percentage terms. CMC Markets (LSE: CMCX.L - news) analyst Jasper Lawler said investors appeared to be reacting favourably to its 'see now, buy now' collection at London Fashion Week.

Tesco advanced 0.9 percent after the latest Kantar grocery sales data showed it had achieved its best 12-week sales performance in more than two years.

Shares (Berlin: DI6.BE - news) in its rivals Sainsbury (Amsterdam: SJ6.AS - news) and Morrisons fell, with both companies reporting lower sales in contrast to Tesco.

Shares in British Airways operator International Consolidated Airlines Group (IAG) fell 3.6 percent, making them the worst performing FTSE 100 stock.

They were hit by a downbeat outlook from rival Air France KLM (Shanghai: 600686.SS - news) , whose boss warned of a further decline in bookings in coming months as a result of Islamist militant attacks and a cabin crew strike.

The FTSE is up around 10 percent so far in 2016, as record low interest rates from the Bank of England have helped offset a hit to the market from June's shock referendum vote to quit the European Union.

The low rates have impacted returns on bonds and cash, driving investors over to the better returns available from the stock market and companies' dividend payouts. (Additional reporting by Alistair Smout; Editing by Mark Trevelyan)