FTSE closes 38 points ahead

The London market headed for highs not seen since mid-November today after a strong morning session was bolstered by President Barack Obama's plans to extend tax breaks in the US.

FTSE closes 38 points ahead

The London market headed for highs not seen since mid-November today after a strong morning session was bolstered by President Barack Obama's plans to extend tax breaks in the US.

Supermarkets were in sharp focus on the FTSE 100 Index earlier in the day as Tesco reported robust third quarter sales and vague Qatari bid talk returned to boost Sainsbury's shares.

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