FTSE 100 soars on positive UK factory output data

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Source: Dukascopy Bank SA

FTSE 100 Index soared 1.48% to trade at 5676.80 after UK factory output posted an increase of 1.2% in May on a monthly basis compared to expectations for a 0.1% decline. Unexpected jump in Italian industrial production also supported UK stocks. Barclays added 2.1% as the firm's former CEO agreed to forgo deferred bonuses after LIBOL scandal. Marks & Spencer Group Plc rose 2.2% as its head of general merchandise said she will step down after announcing the largest decline in non-food revenue since 2008.

 

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Tue, 10 Jul 2012 15:50:13 GMT

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