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UK Market Update Archive: 
UK stocks Rise, Retailer Next Drops
Jan 03, 1:46 PM EST
Oil and commodities companies lifted the averages in the UK. Non-financial sector profitabilty rose to 16% in the third quarter according to ONS.
UK stocks edged higher on rising oil prices and stable metal prices. FTSE 100 Index addded 1% or 62.70 to close at 6,479.40. Of the 102 stocks in the index 56 gained, 44 declined, and 2 closed unchaged. Anglo American gained 3.1%, Rio Tinto added 2.2%, and Lonmin jumped 4.4%. Tullow Oil surged 5.6% on oil trading near $100 per barrel. Next Plc declined after reporting same store sales decline of 3.2% in the 21 weeks ending on December 24.
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