By  on August 15, 2014

LONDON — Europe’s major indices were on the rise in trading mid morning Friday. The DAX in Frankfurt gained 0.9 percent to 9,309.35, followed by the CAC 40 in Paris, up 0.8 percent to 4,236.97 and the FTSE 100 in London, up 0.6 percent to 6,726.79. The FTSE MIB was closed for public holidays Friday. Among the factors buoying investor sentiment in London was data released by the U.K.’s Office for National Statistics Friday, showing that the U.K.’s gross domestic product grew 3.2 percent in the second quarter of 2014, compared to the same period last year, and was up 0.8 percent on the previous quarter.  Fashion, luxury and retail stocks also had a positive start to the day. Risers included Hennes & Mauritz, up 2 percent to 293.50 Swedish krone, after the Swedish retailer said Friday that its July sales rose 17 percent, compared to the same period last year. French Connection gained 4.7 percent to 0.53 pounds, while Next was up 0.6 percent to 68.45 pounds and Ted Baker rose 1 percent to 17.43 pounds. The few that lost ground numbered Bonmarché Holding, down 0.8 percent to 2.75 pounds; Gemfields, which dipped 1 percent to 0.48 pounds and Koovs, down 2.7 percent to 1.25 pounds. At 12.30 CET, the pound traded for $1.67, while the euro went for $1.34 and the Swedish krona changed hands for $0.15.


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