UK Stocks Rise, Output Falls, BAT Up

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Author: 123jump.com Staff
123jump.com
Last Update: 2:26 PM EDT May 07 2008

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UK stocks edged higher in a day of mixed trading. UK manufacturing declined in March after rising in February. The index that tracks factory output fell 0.5% in March after rising 0.4% in February. Sharp decline in transportation equipment in the month led all categories in the manufacturing industries. BAT, the cigarette maker reported 14% rise in sales to £2.54 billion and earnings gain of 21% to £599 million. Global sales unit volume rose 1% to 158 billion cigarettes.

In South Korea Kospi Index decreased 5.05 or 0.27% to close at 1,854.01, in Thailand SET index closed higher 2.88 or 0.34% to 848.71 and Indonesia JSE Index edged increased 10.87 or 0.46% to 2,382.70. Sensex index in India decreased 33.70 or 0.19% to 17,339.31.

In London FTSE 100 Index closed higher 45.80 or 0.74% to 6,261.00, in Paris CAC 40 Index increased 34.39 or 0.68% to close at 5,075.31 and in Frankfurt DAX index higher 59.15 or 0.84% to close at 7,076.25. In Zurich trading SMI increased 95.49 or 1.27% to close at 7,639.16.

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