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Mon City brief: FTSE recovers on Greek hopes

The leading shares index recovered some of the lost ground last week. The FTSE 100 was given a lift by more positive developments coming out of Greece and better prospects in China.

It closed back above 6,800, up 63.5p or 0.94% at 6,804.08 to end a recent losing run.

But traders expect the market to be more volatile in the remaining weeks ahead of the General Election in May.

Tesco was up 3.7% on news that WPP, the world’s largest advertising company, was eyeing a majority stake in the Dunnhumby customer data unit of the third-biggest retailer.

 

In a thin day for corporate results, the markets were also looking ahead to Wednesday’s Budget statement from the Chancellor and revised figures from the Office for Budget Responsibility pointing to better growth prospects for the economy together with improving receipts.

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