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LONDON (Thomson Financial) - Leading shares closed firmer, although off highs, as Wall Street remained higher, with property and housebuilding stocks gaining as Hammerson secured a deal for its major shopping centre in Leeds.
At the close, the FTSE 100 index was up 13.7 points at 6,215.7, off a high of 6,247.3, while the FTSE 250 index gained 201.8 points at 10,031.6, breaking the key 10,000 point psychological barrier.
At London's close, Wall Street remained higher with solid preliminary results from IBM encouraging investors to buy back into the stock market after last week's rout.
The Dow was up 112.5 points at 12,718.8, while the Standard & Poor's 500 index was 12 points higher at 1,413.02 and the Nasdaq composite index was 26.71 firmer at 2,466.4.
Back in London, Hammerson topped the leaderboard, up 86-1/2 at 1,020, after the company and its joint venture partner Town Centre Securities agreed with Marks & Spencer to anchor their proposed 140,000 square metre Eastgate scheme in Leeds. |
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