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(Close): French Connection shares dived 9.6% to 60.38p despite the fashion retailer reporting narrower losses. | |
The company reported a half-year loss of £3.9m, compared with a £6.1m loss a year earlier, and said it expected full-year results to meet expectations. | The company reported a half-year loss of £3.9m, compared with a £6.1m loss a year earlier, and said it expected full-year results to meet expectations. |
It said it remained "cautious" about the second half of the year, adding: "As ever, we are dependent on the very important Christmas trading period." | It said it remained "cautious" about the second half of the year, adding: "As ever, we are dependent on the very important Christmas trading period." |
The benchmark FTSE 100 index closed up 38.39 points at 6,819.29. | |
The main stock markets across Europe were higher after the US Federal Reserve said on Wednesday that it did not intend to start raising interest rates for a "considerable time". | |
Tui Travel jumped 4.6% to the top of the blue-chip leader board after Morgan Stanley upgraded its rating on the stock to "overweight" from "equal-weight". | |
Easyjet shares closed 0.45% higher after the airline said it would raise its dividend ratio to 40% of post-tax profit, up from one-third. | |
The carrier also said it had agreed to add 27 new Airbus planes to its fleet by exercising purchase rights for A320 aircraft to be delivered between 2015 and 2018. | The carrier also said it had agreed to add 27 new Airbus planes to its fleet by exercising purchase rights for A320 aircraft to be delivered between 2015 and 2018. |
Shares in Merlin Entertainments - the company behind Legoland and Madam Tussauds - were up 2.97% after it said like-for-like revenue growth for the 36 weeks to 6 September was up 6.7%. | |
On the currency markets, the pound rose 0.6% against the dollar to $1.6372 and climbed 0.2% against the euro to 1.2677 euros. |
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