UK shares advanced after US retail sales data

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Source: Dukascopy Bank SA
© Scanpix/AFP
UK shares rose after US report indicated that retail sales advanced for the third month in a row. Pushing the UK equities higher, Ernst and Young Item Club stated that UK economy is likely to rebound in H2 of 2012. The Item Club announced that the country's economy will grow by 1.2% in 2013 and by 2.4% in 2014. However, persistent turmoil in eurozone weighted down on the UK equities. The FTSE 100 Index advanced 0.37% to trade at 5,814.66. Seven out of ten sectors within the index climbed. The top-performers were financials and consumer goods. Barclays, HSBC Holding and Lloyds Banking Group rose 2.02%, 0.74% and 1.93%, respectively. Among consumer goods, Kingfisher and Next gained 2.12% and 1.07%. At the same time, miners and telecommunications fell 0.48% and 0.76%. Anglo American, Eurasian Natural Resources and Rio Tinto shed 2.14%, 1.89% and 1.36%, respectively. Among telecommunications, BT Group and Vodafone Group dipped 0.69% and 0.80%.


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Mon, 15 Oct 2012 18:45:18 GMT

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