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BUSINESS LIVE: Pingdemic shrinks Primark sales | Rolls-Royce sells stake


BUSINESS LIVE: Footsie Climbs | Pingdemic shrinks Primark sales | Rolls-Royce sells stake to pay off debt

The FTSE 100 climbed in morning trading today, with homebuilders and financial stocks leading the way.

The leading UK stock market index rose 0.85 percent, or 58.7 points, to 7,087.9 at 12:30 p.m., with builders Persimmon, Barratt, Berkeley and Taylor Wimpey all claiming a place in the top ten risers with price gains of over 2 per cent.

Phoenix, Lloyds Banking Group and Aviva were among the major financial stocks making profits, while the biggest faller in the FTSE 100 was Primark owner Associated British Foods, which reported that its discount clothing price chain had seen sales fall 17 percent below normal as the pingdemic dents the retail revival.

Primark benefited from store reopening but said pingdemic is now denting sales

Rolls-Royce has, among other things, sold its stake in AirTanker for £189 million to raise money to pay off debt and Heathrow has called for a shake-up of UK travel rules to help the beleaguered industry. Traffic figures revealed it had fallen in the ranking of Europe’s busiest airports.

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