Friday, June 15, 2007

FTSE climbs; Qatari stake-build boosts Sainsbury

(Reuters) - Britain's leading share index extended gains on Friday, joining a global stock market rally, with Sainsbury leaping into the lead after a Qatari group raised its stake in the supermarket chain.

Sainsbury jumped 4.8 percent after investment group Delta (Two) Ltd., said it had bought 123 million shares in the British supermarket group at 595 pence per share, boosting its stake in the firm chain to 25 percent.


Read more at Reuters Africa

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