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Rising oil prices boost FTSE

Rising oil prices helped the FTSE 100 climb 1.5% to 6,226.47 and the FTSE 250 by 0.5% to 17,116.86.

Kingfisher LKL sales up

Kingfisher reports a solid start to the year with like-for-like sales up 3.6%, in line with expectations and driven by the UK and Poland. Screwfix sales were up 16.2% on a like-for-like basis while B&Q UK & Ireland sales were down 4.3% reflecting store closures.

Topps Tiles profits up

Topps Tiles has hiked its H1 pretax profit to GBP10.1m, from GBP9.1m, at the same time lifting revenue to GBP108m, from GBP104m, and interim dividend to 1p a share, from 0.75p.

AA's options

AA has noted press speculation regarding the potential disposal of its Irish business and confirmed it is exploring options in regards the business.

Severn's profit

Severn Trent has lifted its FY pretax profit to GBP332.3m, from GBP148.2m, albeit on slightly lower revenue of GBP1.79bn, from GBP1.8bn, due to regulated price decreases.

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