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Unilever sends FTSE 100 higher Unilever sends FTSE 100 higher
(about 5 hours later)
(Noon): London's leading shares rose 1% in Thursday morning trading, with Unilever making a strong showing. (Close: London's leading shares closed up more than 1% in Thursday trading, partly thanks to strong results from Unilever.
The consumer goods maker was among the top gainers on the FTSE 100 index, up 4.2% on the strength of better-than-expected third-quarter sales, up 5.7%. The consumer goods maker was among the top gainers on the FTSE 100 index, up 3.6% on the strength of better-than-expected third-quarter sales, up 5.7%.
By lunchtime, the benchmark FTSE 100 was up 65.09 points or 1.04% at 6,309.58. The benchmark FTSE 100 was up 69.06 points or 1.1% at 6,338.67.
Mining stocks also rose, with Glencore adding 2.9% and BHP Billiton gaining 1.3%. Miners rose but then fell. Glencore turned a 3% gain into a 2% fall and BHP Billiton a 1.3% rise into a 0.6% fall.
On the currency markets, the pound was up 0.08% against the dollar at $1.5489 and rose 0.39% against the euro at €1.3540. Burberry was 8% lower at the end of play, having been 12% down on a warning of an "increasingly challenging" Chinese market and a fall in sales there.
On the currency markets, the pound was flat against the dollar at $1.5484 and rose 0.49% against the euro at €1.3540.