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Markets

LSE Volume: 63 M
Avg Vol: 3,422 M -98%
Fallers
30
Unchanged 1
Risers
21

FTSE up on investors' retail therapy, as Wall St rises

FTSE indices closed up, recouping some recent-session losses, with the broader retail sector prominent as financial stocks and miners also gained in a generally chipper session.

Tesco full-year trading profits fall as margins are squeezed

Supermarket operator Tesco said group trading profit was £3.315bn in the year to 22nd February, down 6% on last year, impacted by a weakening UK grocery market in the second half and challenging trading conditions overseas.

Enteq outlook

Enteq Upstream, the oilfield services technology and equipment supplier, expects to report adjusted EBITDA of about $1.9m on revenues of about $24m for the financial year to March 31.

Mining Roundup

Tertiary Minerals' (LON:TYM) shares were down by more than 10% in late trading despite a large maiden JORC-compliant mineral resource estimate that more than doubles the JORC compliant tonnage of contained fluorspar mineral under its control.

Oil & Gas Roundup

SeaEnergy's (LON:SEA) shares rose after reorganising its business structure to optimise the development of its fast-growing R2S division and boost operational synergies within the group.