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| Version 1 | Version 2 |
|---|---|
| FTSE 100 rises as sterling weakens | FTSE 100 rises as sterling weakens |
| (about 4 hours later) | |
| London's stock market began the week higher as the pound fluctuated around the $1.30 mark. | London's stock market began the week higher as the pound fluctuated around the $1.30 mark. |
| The FTSE 100 ended 25.52 points, or 0.34%, higher at 7,496.23. | |
| Shares in Marks and Spencer led the index higher, rising 2.75% ahead of the High Street giant's results on Wednesday. | |
| Product testing company Intertek also gained, jumping 2.1%, after analysts at Kepler Cheuvreux raised their rating on the company to "buy" from "hold". | |
| Worldpay Group was one of the biggest fallers on the index, down 2.4%, after Bryan Garnier cut its rating on the company to "sell" from "neutral". | |
| A change in broker ratings was also behind a 3.2% rise in Cairn Energy's shares. The FTSE 250 company was boosted after Macquarie lifted its rating to "outperform" from "neutral". | A change in broker ratings was also behind a 3.2% rise in Cairn Energy's shares. The FTSE 250 company was boosted after Macquarie lifted its rating to "outperform" from "neutral". |
| On the currency markets, the pound fell back below the $1.30 mark in early trade, but then recovered to stand at $1.3005, still down 0.2% for the day. Against the euro, sterling slid 0.5% to 1.1573 euros. |