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FTSE 100 makes gains for second day FTSE 100 makes gains for second day
(about 11 hours later)
(Noon): London's top shares continued their renewed rise in Wednesday morning trading, the day after the benchmark index rose back above 6,000. (Close): London's top shares continued their renewed rise in Wednesday morning trading, the day after the benchmark index rose back above 6,000.
By lunchtime, the FTSE 100 was up 45.28 points or 0.75% at 6,063.07.By lunchtime, the FTSE 100 was up 45.28 points or 0.75% at 6,063.07.
Big gainers included Dixons Carphone, which added 2.8% on the strength of a 23% rise in first-half profit.Big gainers included Dixons Carphone, which added 2.8% on the strength of a 23% rise in first-half profit.
The retailer said it had its biggest single day's trade on Black Friday, 27 November, helping it to an underlying pre-tax profit of £121m.The retailer said it had its biggest single day's trade on Black Friday, 27 November, helping it to an underlying pre-tax profit of £121m.
The FTSE 100's recovery comes after it touched three-year lows on Monday. Other companies contributing to the rise included drugmaker Shire, up 4.9%, publisher Pearson, up 4.5%, and miner BHP Billiton, adding 2.1%.The FTSE 100's recovery comes after it touched three-year lows on Monday. Other companies contributing to the rise included drugmaker Shire, up 4.9%, publisher Pearson, up 4.5%, and miner BHP Billiton, adding 2.1%.
Tuesday's rise was underpinned by a surge in supermarket shares, but that turned out to be short-lived, with Tesco among Wednesday's biggest fallers, down 1.4%.Tuesday's rise was underpinned by a surge in supermarket shares, but that turned out to be short-lived, with Tesco among Wednesday's biggest fallers, down 1.4%.
At the same time, Sainsbury's was 0.6% lower and Marks and Spencer was down 0.7%.At the same time, Sainsbury's was 0.6% lower and Marks and Spencer was down 0.7%.
On the currency markets, the pound fell 0.19% against the dollar to $1.5011 and was 0.17% down against the euro at €1.3738.On the currency markets, the pound fell 0.19% against the dollar to $1.5011 and was 0.17% down against the euro at €1.3738.