FTSE Drops on IMF and Ebola Fears but Tesco Upgrade Helps Index

With economic gloom and Ebola fears again sending markets lower, Tesco stands out with another big gain.

After recording its best day since December 2013 on Tuesday, the supermarket is up 4.7p or 2.5% to 187.3p, the biggest riser in the leading index.

The recent shock revelation of a £250m black hole had sent its shares to an 11 year low, but talk of a £2bn sale of its data business and a number of boardroom changes have brought a minor revival.

via The Guardian

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza