Mar 30, 2017
FTSE 100 rises as Morrisons boosted by upgrade
The supermarket's shares rose 2.5%, making it the biggest gainer on the FTSE 100 share index. Overall, the index was up 5.43 points at 7,379.15 in early trade. Shares in energy company SSE fell 1.75%. The firm said operating profits at its retail business in the 2016-17 financial year were expected to fall. In the FTSE 250, shares in AO World dropped 1.7%. The household appliance retailer said it was raising £50m through a share placing in order to fund expansion. On the currency markets, the pound was 0.2% lower against the dollar at $1.2407, and was unchanged against the euro at 1.1556 euros.
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