Morning Markets: FTSE boosted by retailers

The FTSE 100 has bounced back above 4,000 this morning after the financials sector dragged the index...

The FTSE 100 has bounced back above 4,000 this morning after the financials sector dragged the index lower in early trading. Those stocks bringing up London's blue-chip index included Tesco, up 4.19% to £3.46 on its annual results showing sales have reached £3.13bn, an increase of 10% on last year, and Associated British Foods (the owner of Primark), up 6.42% to £6.96, with adjusted profit before tax down 2% to £275m. The biggest losers included banks Lloyds, Barclays and Royal Bank of Scotland, with insurers Prudential and Old Mutual close behind. Lloyds dropped 8.61% to 95.5p while ...