LONDON, Nov. 12 (Chinese media) -- The FTSE 100 index in the London stock market was up more than 1 percent by Wednesday midday, with investors eyeing further cuts in British interest rates.
The Bank of England's latest inflation report hinted that more cuts could be on the way with the British economy expected to shrink sharply next year.
The FTSE 100 index was up 49.27 points, or 1.17 percent, at 4,296.27 by 12:40 GMT.
Sainsbury's rose 5 percent because of the report that its half-year profits climbed 13 percent.
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