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Europe’s Markets Gain

Marks & Spencer was London’s top performer in mid-morning trading Thursday.

LONDON — Europe’s markets were on the rise in trading Thursday morning.

 

The FTSE MIB in Milan advanced the most, up 1 percent to 19,620.81 points. The DAX in Frankfurt gained 0.4 percent to 9,538.52, while the FTSE 100 in London was up 0.3 percent to 6,740.61. The CAC 40 in Paris also rose 0.3 percent to 4,271.68.

 

Marks & Spencer was among the stocks leading the rises in London and was the FTSE 100’s top performer. Shares for the firm, which said Thursday that its revenues advanced 1.8 percent in the third quarter, gained 3.4 percent to 4.59 pounds.

 

In contrast, major supermarkets Tesco and WM Morrison were among those that declined the most in London, as both retailers said that same-store sales had fallen over the holiday period. Tesco’s U.K. same-store sales dipped 2.4 percent in the six weeks to Jan. 4, and Morrisons’ declined by 5.6 percent in the six weeks to Jan. 5. Tesco’s shares fell 2.2 percent to 3.21 pounds, while Morrisons’ were down 5 percent to 2.41 pounds.

 

A number of Italian luxury stocks also registered falls: Tod’s dipped 4.2 percent to 109.90 euros; Ferragamo declined 3.3 percent to 25.14 euros, and Aeffe retreated 0.2 percent to 0.88 euros.

 

Among the stocks in the sector that rose was Mulberry, up 4.8 percent to 9.48 pounds. Hermès International gained 1.7 percent to 255.35 euros, and Yoox advanced 1.1 percent to 32.97 euros.

 

The euro traded against the dollar at $1.36, while the pound went for $1.64 at 10:30 a.m. CET.