05/11/14 Market Movements

Market News

The FTSE100 closed up 85.17 point at 6,539.17 as reassuring corporate reports helped counter modest returns in commodity-related stocks.

Retailer Marks & Spencer was the biggest gainer of the day, surging 9.7% after raising its dividend and upgrading its forecast for its 2014/15 profits.  Aircraft parts supplier Meggitt pushed the index higher, closing up 7.55% after announcing plans to start a share buyback programme.