Friday, August 2, 2013

Reuters: Hot Stocks: Britain's FTSE 100 builds on two-month high

Reuters: Hot Stocks
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Britain's FTSE 100 builds on two-month high
Aug 2nd 2013, 07:12

LONDON | Fri Aug 2, 2013 3:12am EDT

LONDON Aug 2 (Reuters) - Britain's benchmark equity index edged up on Friday, building on two-month high hit in the previous session on the back of signs of an improvement in the global economy while a profit rise at airline group IAG also lifted the market.

The blue-chip FTSE 100 index was up by 0.1 percent, or 3.16 points, at 6,685.14 points by 0708 GMT.

IAG - the company formed from British Airways' merger with Iberia in 2011 - topped the FTSE's leaderboard with a 4.8 percent rise after it swung back to a second quarter profit after making a loss a year ago.

The FTSE 250 mid-cap index also edged up 0.2 percent to a fresh record high of 15,093.56 points. (Reporting by Sudip Kar-Gupta; Editing by Francesco Canepa)

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