Wednesday, January 23, 2013

Britain's FTSE pushes up towards 6,200 level

LONDON Jan 23 (Reuters) - Britain's top share index pushed back up towards

the 6,200 resistance level in early trade on Wednesday, tracking a rally to

5-year highs on Wall Street, fueled by positive corporate earnings and an

extension of the U.S. debt limit.

At 0807 GMT, the FTSE 100 index was up 14.27 points, or 0.2 percent

higher, at 6,193.44 points, having reached a 2013 high at 6,197.30 in opening

deals. The UK blue chip index closed flat on Tuesday, weighed down by falls in

financials and mining stocks.

Unilever was the top FTSE 100 gainer, up 2.7 percent as the global

consumer goods company reported 2012 underlying sales growth of 6.9 percent,

beating forecasts of 6.5 percent, propelled by double digit growth in emerging

markets.

On the downside, TUI Travel dropped 3.3 percent as its parent, German

travel and tourism group TUI AG said it has no intention of making an

offer for the majority-owned British unit.

(Reporting by Jon Hopkins; Editing by Sudip Kar-Gupta)

Source: http://news.yahoo.com/britains-ftse-pushes-towards-6-200-level-081120446--sector.html

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