Tesco chief executive Dave Lewis has suffered another blow as it emerged sales have continued to plunge just two days before he is expected to unveil ugly first half results.
China's economic growth beat analysts' estimates last quarter as export demand quickened and services expanded, bolstering the government's case for avoiding broader stimulus measures.
Annual profits at Asos have fallen by 14% after the online retailer was hit by the strength of sterling and a major warehouse fire.
... * Blue-chip FTSE 100 index rises 0.4 percent. * Energy and mining shares among top gainers. * GKN advances 2.3 percent after results.
GKN posted a fall in third-quarter sales on Tuesday after the British component maker was hit by a strong pound and falling commodity prices.