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Miners lead FTSE rebound, Lookers sinks on profit warning

Miners lead FTSE rebound, Lookers sinks on profit warning
A red London bus passes the Stock Exchange in London, Britain, February 9, 2011. REUTERS/Luke MacGregor/File Photo -
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Luke MacGregor(Reuters)
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(Reuters) – The UK blue-chip index bounced back on Friday after its worst session in a month, with miners leading gains following upbeat data from the world’s top metals consumer, China, while car dealership firm Lookers tanked after another profit alert.

The FTSE 100 <.FTSE> was 0.3% higher by 0805 GMT, recouping some of the more than 1% drop in the previous session, and the FTSE 250 <.FTMC> added 0.3%.

Lookers <LOOK.L> plunged 30% on the smallcap index after the company issued its second warning on profits in less than four months and announced the departure of its two top executives.

(Reporting by Muvija M and Shashwat Awasthi in Bengaluru)

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