FTSE gains despite end of US QE in sight

London's leading share index edged up this morning, despite fears of an imminent end to US economic stimulus.

Minutes released last night from the latest Federal Reserve meeting showed some officials believe QE in the US should be ended. The FTSE 100 was up 0.32% at 6026.37 in early trade, with Marks and Spencer Group leading the charge, up 4.06%. Vedanta Resources gained 2.66%, followed by Rangold Resources, up 2.30%. TUI Travel was up 2.28%, while Next rose 2.17%. Conversely, Pearson dropped 2.18%, Standard Chartered fell 0.69%, Wolseley declined 0.65%, Petrofac dropped 0.52% and Invensys fell 0.47%. In Europe, Germany's Dax was up 0.28% to 7195.54, while France's Cac was up 0.12% to ...