London trading got off to a positive start after the FTSE 100 rose above the psychologically important 5,000 points barrier yesterday.
Positive news in the travel sector helped offset problems for retailers, and the FTSE 100 was up 9.92 points (0.2%) to 5,014.22. TUI Travel led the pack on expectations of strong results, up 6.74% to 274p. Rival Thomas Cook yesterday confirmed a 44% stake held by an insolvent German investment vehicle had been placed by creditors and shares added 3.35% to 570p this morning. Home Retail and Kingfisher, which own some of the UK's biggest retailers, saw shares fall 5.91% and 3.71% respectively, despite the former reporting a rise in sales. US shares climbed for the fourth trading day...
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