BA keeps FTSE flying high

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The FTSE 100 has ended the day up 8 points, or 0.14%, to 5,896.9 as Wall Street opened well allowing the index to reverse losses which had lasted most of the day.

British Airways topped the leaderboard with gains of 1.95% to 366p as oil prices retreated, while Tate & Lyle increased 1.83% to 640.5p, and drinks firm Diageo added 1.66% to 918p. Supermarket group Tesco also did well, up 1.31% to 348p on speculation it is about to snap up French rival Casino's Polish retail business, as UBS stuck with its "buy" advice but left its price target unchanged at 391p per share. Meanwhile Standard Life ended its first day of trading up 5.4% or 12.5p to 242.5p from its opening price of 230p. Elsewhere Hammerson led the fallers with a drop of 2.42% to 1,211p...

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