Morning Markets: Tesco sales lift FTSE

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The FTSE 100 moved into positive territory this morning following yesterday's sharp losses, rising m...

The FTSE 100 moved into positive territory this morning following yesterday's sharp losses, rising more than 20 points, or 0.47%, to 4,346.26 by 8.25am. Britain's largest retailer Tesco has added 6.4p, or 1.8%, to 362.5p, after announcing it has met forecasts with a 9.7% rise in first-quarter sales. International service company Serco leads the gainers, up 2.97% to 407.5p, on the news it has renewed and expanded a £245m contract with the Dubai Airports Company. BT Group is also flourishing, 3.37% higher to 98.1p, after Morgan Stanley upgraded the stock to overweight for the first time...

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