Shares rise in London despite poor performance from supermarkets
The IndependentFor free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy London’s top shares eked out another small gain, helping the FTSE end the week on 7,643 points. “European markets have ended the week on a positive note as expectations of more stimulus from China, and the belief that the current cycle of rate increases is close to coming to an end, has seen the Dax push up to another new record high,” said CMC Markets analyst Michael Hewson. “The FTSE100 has also enjoyed its best weekly performance since April with this week’s winners being the likes of Glencore and Ocado, while concern over higher interest rates has acted as a drag on house builders, with Barratt and Taylor Wimpey underperforming.” During the day Tesco was one of the losers, with its shares closing down by close to 1%.