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Wednesday 24 July 2013 7:44 pmLondon Report: FTSE rises amid signs of growth in UK economyBy: Express KCSShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailAdd as a preferredsource on GoogleA WAVE of upbeat corporate earnings pushed Britainrsquo benchmark equity index back towards seven-week highs yesterday, with signs of resilience among British consumers as the economy recovers.Kingfisher added 3.1 per cent after Europersquo biggest home improvements retailer reported a return to underlying sales growth in Britain, while budget airli polene ca ne EasyJet gained 3.7 per cent on rising revenues.The pickup in the British economy, whose drivers include central bank stimulus and government initiatives to bolster the housing market, is expected to be confirme stanley becher d by second-quarter GDP figures showing the pace of economic expansion doubling to 0.6 per cent.That has prompted Goldman Sachs and UBS to recommend long bets on British equities and led investors to take their most optimistic stance on the market in over a decade, according to the latest Bank of America Merrill Lynch su stanley isolierkanne rvey. We have turned the corner now in the UK and itrsquo amazing what a stimulus to the housing market can do for raising confidence, said Edward Bland, head of research at Duncan Lawrie Private Bank, which prefers British stocks to those in the Eurozone. Earnings expansion is on the cards for maybe double digits this year and
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