This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.

You can find the current article at its original source at http://www.bbc.co.uk/news/business-35100085

The article has changed 3 times. There is an RSS feed of changes available.

Version 0 Version 1
FTSE 100 heads towards 6,000 as supermarkets rise FTSE 100 heads towards 6,000 as shares recover
(about 1 hour later)
(Morning): The FTSE 100 headed back towards the 6,000 level as a rise in supermarket shares helped to lift the UK's benchmark index. (Noon): The FTSE 100 headed back towards the 6,000 level as a rise in supermarket shares helped to lift the UK's benchmark index.
Having touched three-year lows on Monday, the FTSE 100 was up 97.18 points, or 1.7%, at 5,971.24. Having touched three-year lows on Monday, the FTSE 100 was up 107.02 points, or 1.8%, at 5,981.08.
Shares in Sainsbury's rose 5.1% after research indicated it had increased its market share. Shares in Sainsbury's rose 4.4% after research indicated it had increased its market share.
Kantar Worldpanel said Sainsbury's share of the grocery market rose to 16.7% in the past quarter.Kantar Worldpanel said Sainsbury's share of the grocery market rose to 16.7% in the past quarter.
Sainsbury's was the only one of the "big four" supermarkets to increase its market share. However, shares in other chains were also higher, with Morrisons up 4.9% and Tesco 4% higher. Sainsbury's was the only one of the "big four" supermarkets to increase its market share. However, shares in other chains were also higher, with Morrisons up 5.1% and Tesco 3.7% higher.
Chris Beauchamp, senior market analyst at IG, said: "The December bounce seems to have started in earnest, as European indices rally and unloved FTSE stocks find some buyers.Chris Beauchamp, senior market analyst at IG, said: "The December bounce seems to have started in earnest, as European indices rally and unloved FTSE stocks find some buyers.
"Investors appear to be relatively unconcerned that tomorrow's Fed meeting is still on the calendar, as year-end seasonality kicks in.""Investors appear to be relatively unconcerned that tomorrow's Fed meeting is still on the calendar, as year-end seasonality kicks in."
In the FTSE 250, shares in software group Aveva plunged by a third after France's Schneider Electric said it had scrapped a planned takeover of the company.In the FTSE 250, shares in software group Aveva plunged by a third after France's Schneider Electric said it had scrapped a planned takeover of the company.
Shares in Carpetright rose 4.5% after the floor coverings retailer reported rising sales and profits. Shares in Carpetright rose 6.6% after the retailer reported rising sales and profits.
Underlying pre-tax profits rose by a third to £9m for the 26 weeks to 31 October, with like-for-like sales at UK stores up 3.7%.Underlying pre-tax profits rose by a third to £9m for the 26 weeks to 31 October, with like-for-like sales at UK stores up 3.7%.
On the currency markets, the latest UK inflation figures provoked little reaction for the pound. Sterling rose 0.1% against the dollar to $1.5159, and dropped 0.2% against the euro to €1.3747. On the currency markets, the latest inflation figures provoked little reaction. Sterling rose 0.1% against the dollar to $1.5157, and was flat against the euro at €1.3777.