LONDON Dec 19 (Reuters) - Britain's top share index pushed back up to nine
month highs on Wednesday, tracking overnight gains on Wall Street and in Asia as
growing expectations of a budget deal in the United States boosted stocks in the
run up to Christmas.
At 0808 GMT, the FTSE 100 index was up 12.00 points, or 0.2 percent,
at 5,947.90, having posted gains of 0.4 percent on Tuesday, surpassing last
week's nine-month closing peak of 5,945.85 and within 20 points of its 2012
high.
The banking sector led the gainers with the sector in the
spotlight after Swiss peer UBS agreed to a $1.5 billion bill and
admitted to fraud on Wednesday in order to settle charges of manipulating global
benchmark interest rates.
The fine, the second largest to be received by a bank, was in line with
expectations and UBS shares added 0.3 percent in Zurich.
Ex-dividend factors trimmed 0.45 points off the FTSE 100 index on Wednesday,
with Burberry and United Utilities both trading without
entitlement to their latest payouts, leading market makers to adjust their
prices.
(Reporting by Jon Hopkins; editing by Simon Jessop)
Source: http://news.yahoo.com/uk-stocks-push-back-nine-month-highs-081119932--sector.html
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