LONDON (ShareCast) - 1015: Footsie (news) is clinging onto its gains as buoyant retailers grapple with a downbeat mining sector. Supermarkets Tesco and Sainsbury (LSE: SBRY.L
-
news) 's are among the top risers after peer Morrisons posted a strong rise in like-for-like sales. Clothes retailer Next and Argos and Homebase owner Home Retail (LSE:
HOME.L -
news) are also going well. Indian copper miner Vedanta is the heaviest faller on another day of losses for the mining sector. FTSE 100 up 9 at 4,393.
0830: London's top stocks are posting slight gains in early deals with supermarkets doing well after Wm Morrison's trading statement. It made a good start to the new trading year, with sales growth well ahead of the sector norm. Like for like sales improved by 8.2%, or by 5.0% including fuel, maintaining the rate of LFL growth seen in the year to 1 February 2009 .Sainsbury's also moved ahead. FTSE 100 up 24 to 4408.
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