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FTSE 100 higher but Thomas Cook shares fall

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The UK market was higher in late morning trade, but shares in Thomas Cook dropped sharply after the travel firm released its latest results.The benchmark FTSE 100 share index rose 34.49 points to 7,445.83.B&Q owner Kingfisher was the biggest riser on the index, up 3.7%, after analysts at Jefferies upgraded their rating on the company to “buy”.Reckitt Benckiser climbed 2.3% after its rating was raised to “overweight” by analysts at JP Morgan.However, outside the FTSE 100 shares in Thomas Cook fell 8.7% after the travel company said earnings at its UK division had fallen 40% following “challenging” trading.On the currency markets, the pound edged up 0.05% against the dollar to $1.3246 but fell 0.1% against the euro to €1.1270.
Source: BBC