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FTSE 100 gains as investors shrug off U.S. stimulus woes; Tesco jumps

Published 10/07/2020, 03:24 PM
Updated 10/07/2020, 03:30 PM
UK100
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TSCO
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FTMC
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FTNMX451010
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FTNMX452010
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(For a live blog on European stocks, type LIVE/ in an Eikon
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* FTSE 100 up 0.2%, FTSE 250 gains 0.1%

Oct 7 (Reuters) - London's FTSE 100 inched higher on
Wednesday, as investors looked past U.S. President Donald
Trump's decision to halt negotiations with Congress for a large
stimulus, while retailer Tesco gained after reporting a jump in
sales.
The blue-chip FTSE 100 index .FTSE rose 0.2%, with
beverage .FTNMX3530 and healthcare stocks .FTNMX5330 leading
the gains. The mid-cap index .FTMC added 0.1%
Investors' focus is also on the September house prices
report due later in the day.
Tesco TSCO.L , Britain's biggest retailer by sales, gained
3.2% after it reported a jump in sales due to the COVID-19
pandemic and said it saw its FY21 operating profits being in
line with the previous year.

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