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FTSE ends day higher as market sentiment builds | |
(about 4 hours later) | |
(Close): London's leading shares ended the day in positive territory as global investors regained confidence. | |
A bounceback for US shares, a further recovery in China and a stellar performance by Japanese shares helped the benchmark FTSE 100 index to close 82.91 points or 1.35% up at 6,229.01. | |
Revised growth figures for the eurozone on Tuesday also underpinned confidence. | Revised growth figures for the eurozone on Tuesday also underpinned confidence. |
Ryanair was a strong performer, up 5.2%, after it said profits would be 25% higher than thought. | |
Broker Hargreaves Lansdown's shares were up 7% after its results and Barratt Developments shares were 0.2% higher after an initial 2% rise. It earlier reported profits up 45%. | |
Foxtons estate agents were another good gainer, rising 3.75% after an upgrade. | |
On the currency markets, the pound was down 0.2% against the dollar at $1.5366 but was up 0.2% against the euro to €1.3774. |