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FTSE 100 gains as China worries ease FTSE 100 gains as China worries ease
(about 1 hour later)
(Noon): The UK market managed to recover some of the ground lost over the past couple of days in the wake of the yuan's depreciation. (Close): The UK market managed to recover some of the ground lost over the past couple of days in the wake of the yuan's depreciation.
By lunchtime, the FTSE 100 index was up 50.85 points, or 0.8%, at 6,622.04. At closing, the FTSE 100 index was down 2.86 points, or 0.04%, at 6,568.33.
Shares in drink bottling company Coca-Cola HBC surged 8.5% after its half-year results beat expectations. Shares in drink bottling company Coca-Cola HBC closed up 7.3% after its half-year results beat expectations.
In the six months to 3 July, net profits rose 32% to €125.2m, and the company said it was upbeat about its prospects.In the six months to 3 July, net profits rose 32% to €125.2m, and the company said it was upbeat about its prospects.
"We have become more optimistic as the year has progressed and remain confident that 2015 will be a year of volume growth and progress on margins," said chief executive Dimitris Lois."We have become more optimistic as the year has progressed and remain confident that 2015 will be a year of volume growth and progress on margins," said chief executive Dimitris Lois.
Tui Group jumped 7.2% after the travel firm said annual profits were set to come in at the top end of expectations. Tui Group closed up 6.6% after the travel firm said annual profits were set to come in at the top end of expectations.
The company said strong demand for summer holidays had offset the impact of the beach attack in Tunisia, which it said would cost it £20m.The company said strong demand for summer holidays had offset the impact of the beach attack in Tunisia, which it said would cost it £20m.
Shares in security and outsourcing firm G4S fell 4.4% after Goldman Sachs and Exane BNP Paribas both lowered their ratings for the company. Shares in security and outsourcing firm G4S closed down 5.3% after Goldman Sachs and Exane BNP Paribas both lowered their ratings for the company.
On the currency markets, the pound rose 0.1% against the dollar to $1.5629 and climbed 0.49% against the euro to €1.4060. On the currency markets, the pound fell 0.08% against the dollar to $1.5601 and climbed 0.11% against the euro to €1.406.