Jul 13, 2017

FTSE 100 lifted by BT, banks and retailers

The UK's leading share index was higher in lunchtime trade after experiencing a mixed morning. Retail shares were in demand after strong results from French supermarket Casino lifted shares in the sector across Europe. Marks and Spencer rose 2.6% while Next was up 2.2%. But shares in drugs giant AstraZeneca fell 4.2% following a report on the Calcalist financial news website that its chief executive, Pascal Soriot, is to leave to company to join Israel-based Teva Pharmaceutical Industries. Outside the FTSE 100, shares in Game Digital jumped 9% after Mike Ashley's Sports Direct announced it had bought a 26% stake in the company. Its shares were up 10% at about 63p, but are still down by more than half since the start of the week.

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