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Tesco and Worldpay boost FTSE 100

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Shares in Worldpay are leading the FTSE 100 for the second day running.

On Tuesday, Worldpay shares soared 25% on news the company has received takeover approaches. Today shares are up another 4%.

Tesco shares have registered a 4% gain after the wholesaler Booker reported strong sales figures. Tesco’s deal to buy Booker is awaiting approval from competition regulators.

Overall the FTSE 100 was up 0.1% at 7,367.

Housebuilder Persimmon was up 3% on the strength of solid first-half results.

The company said sales rose by 7% year-on-year in the period, unaffected by general election jitters.

Persimmon’s performance lifted the sector, with rivals Barratt and Taylor Wimpey also trading higher.

On the currency markets, the pound was flat against the dollar at $1.2917 and up slightly against the euro at 1.1397 euros.


Source: BBC