FTSE 100 steadies after Tuesday's sell-off


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(Open): The FTSE 100 opened higher, recovering some of the ground lost on Tuesday when the index fell sharply on worries over a possible Brexit.

The UK’s benchmark share index rose 51.01 points, or 0.9%, to 5,974.54.

The pound also steadied. Sterling rose 0.4% against the dollar to $1.4175 and climbed 0.3% against the euro to €1.2636.

Berkeley Group was the biggest faller on the FTSE, down 2.4%, after the housebuilder’s latest results.

The company reported a 9% fall in full-year profits to £530.9m and also said new home reservations were down 20% ahead of the EU referendum.

In the FTSE 250, shares in Jimmy Choo jumped 15% after the luxury shoemaker issued an upbeat trading update.

The company said it had made a good start to the year and was trading in line with its expectations.

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