FTSE 100 up led by food and beverage shares

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Source: Dukascopy Bank SA
U.K. blue chips posted an increase after swinging between gains and losses, with the FTSE 100 Index extending its highest level in five years, mainly led by food and beverage shares. The FTSE 100 Index climbed 0.14% to 6,492.96. Six out of ten groups in the index edged higher with the telecommunication shares rising the most by 0.9%. Melrose Industries jumped 2.8%, adding to gains in industrials that were 0.1% up. Anfogasta Plc, a company that owns and operates copper mines in Chile, followed with a 2.8% rally to lift basic materials group. Among other top performers was SABMiller Plc. that surged for a ninth straight day to trade at 3,486 close to the end of the trading session, outperforming its competitor Diageo Plc that has rallied 12% this year. The world's second largest brewer paced gains in consumer goods group that was 0.8% up. The top loser was Evraz Plc with a 3.2% drop.


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