By This Is Money Reporters
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10:00: The Footsie continues to edge higher and is now up 11.53 points , or 0.19 per cent, at 6110.18.
Tesco shares shot up three per cent this morning after revealing like-for-like sales grew by 1.8 per cent over the Christmas period. Read more about this here.
08:00:
Britain's blue chip shares gained in early deals today, with Tesco leading the gainers after Christmas sales beat forecasts, and miners were supported by good data out of China.
At 0807 GMT, the FTSE 100 index was up 8.33 points, or 0.1 per cent, at 6,106.98, after hitting its highest level since May 2008 in yesterday's session.
Miners added 0.4 per cent as iron ore imports in China, the world's top metals consumer, hit a record high in December, and with Jefferies raising price targets across the sector.
Fall: Marks & Spencer shares opened down on dismal Christmas trading results
Tesco rose 2.5 per cent after it posted its highest sales growth in three years, showing signs that its turnaround strategy is beginning to show results.
But elsewhere on the high street, Marks & Spencer saw its sales disappoint, making it the biggest FTSE 100 faller, down 4.3 per cent. Read more about this here.
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PREVIEW:
Futures for the FTSE 100 are up 0.1 per cent before market open, with the cash index seen opening up between 2-4 points, or as much as 0.1 per cent higher, according to financial bookmakers.
Britain's blue-chip stocks hit their highest level since May 2008 on Wednesday at 6,112.27 points as global markets responded well to Alcoa's encouraging first report of the earnings season. The index closed 45.02 points higher at 6,098.65.
Exports out of China grew 3-1/2 times faster than expected last month, flagging a cautious economic improvement globally.
Iron ore imports in China, the world's top buyer, hit a record high in December, likely offering relief to international mining companies.
Both the Bank of England and the European Central Bank are expected to leave policy unchanged at the end of their monthly meetings on Thursday, though rumours that the BoE might ease policy to help a weak domestic economy helped sterling to one-month lows against the dollar on Wednesday.?
SHARES TO WATCH TODAY
VODAFONE : The CEO of Verizon Communications said that the group was not in talks with Vodafone Group about taking full ownership of their Verizon Wireless venture, despite market speculation this week that such a deal could happen.
TESCO : The British supermarket performed broadly in-line with expectations through the Christmas period, with group sales in the six weeks to 5 January 2013 increasing by 3.8 per cent. It also appointed chief operating officer in Britain Chris Bush as the new Managing Director of British business.
MARKS & SPENCER : The British retailer reported a bigger-than-expected drop in non-food sales in the Christmas, with sales of clothing, footwear and homewares slumping 3.8 per cent in the 13 weeks to December 29.
RIO TINTO : The world's second-largest iron ore producer suspends shiploading at the ports of Dampier and Cape Lambert due to a cyclone intensifying on the western coast of Australia.
ROLLS ROYCE : The engine manufacturer appoints of Lord Gold to lead a review of its compliance procedures following concerns about bribery and corruption involving intermediaries in overseas markets.
JD : The clothes retailer said headline pretax profit was likely to be toward the lower end of market expectations, as JD Fashion saw like for like sales in the seven week period ended Jan. 5 fall by 7.9 per cent, although JD Sports saw sales up 3.2 per cent in the same period.
RATHBONES : The wealth management was upbeat for 2013 after the company saw funds rise 13.4 per cent in 2012.
HAYS : The recruitment group sees net fees in Asia-Pacific fall 14 per cent after a slowdown in Australia mining business, although strong growth in Germany helped the group's performance in Europe.
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