LONDON — Most European stock markets were up in late-morning trading on Thursday, except for the FTSE 100 in London, which was broadly flat at 7,324.10.

The FTSE MIB in Milan rose 0.6 percent to 20,078.88, while the DAX in Frankfurt was up 0.3 percent to 11,932.27. The CAC 40 in Paris advanced 0.1 percent to 4,996.05.

The euro traded at $1.08 and the pound fetched $1.24 at 11:30 a.m. CET.

Retail and luxury stocks were uneven, with the morning’s biggest gainers including Marks & Spencer, up 3.5 percent to 3.36 pounds; Gemfields, 4.1 percent to 0.46 pounds, and Debenhams, 2.3 percent to 0.54 pounds.

Among the stocks that lost the most ground were Ted Baker, down 5.1 percent to 26.95 pounds, after earlier in the day the company published its full-year profit and sales results, and said trading is challenging, due to ongoing external factors. Joules Group slid 4.6 percent to 2.43 pounds, and MySale Group, 1 percent to 0.98 pounds.

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