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Supermarket woes fail to dent FTSE 100 | Supermarket woes fail to dent FTSE 100 |
(35 minutes later) | |
London's top shares gained ground in early Wednesday trading, despite signs of sagging in the supermarket sector. | London's top shares gained ground in early Wednesday trading, despite signs of sagging in the supermarket sector. |
Tesco was the biggest loser on the FTSE 100 index, falling 1.8% after its full-year profits fell because of legal costs arising from a fine for overstating its profits in 2014. | Tesco was the biggest loser on the FTSE 100 index, falling 1.8% after its full-year profits fell because of legal costs arising from a fine for overstating its profits in 2014. |
Rival Morrisons also came under strain, dropping 0.85%, while Sainsbury's suffered as well, shedding 0.7%. | |
Overall, the FTSE 100 was up 32.58 points or 0.44% at 7,398.08. | Overall, the FTSE 100 was up 32.58 points or 0.44% at 7,398.08. |
On the currency markets, the pound rose 0.05% against the dollar to $1.2498 and was 0.11% lower against the euro at 1.1767 euros. | On the currency markets, the pound rose 0.05% against the dollar to $1.2498 and was 0.11% lower against the euro at 1.1767 euros. |