Currys and PC World parent Dixons Retail registered big share gains today after revealing a deal to offload its troubled French business PIXmania.
Dixons, which also announced the sale of its loss-making ElectroWorld arm in Turkey, surged as much as 9% in the FTSE 250 Index as investors welcomed the disposals and figures showing further solid sales progress in the UK.
The wider FTSE 100 Index added 57.1 points to 6531.8, taking its cue from a near-100 point rise on Wall Street's Dow Jones Industrial Average overnight as stocks were boosted by an upbeat report on the US economy and robust car sales.
In London, the Bank of England's latest monetary policy committee meeting is also in sharp focus.
While rates will be held at 0.5% and no further quantitative easing action is expected, experts believe the Bank may release another statement alongside the decision, given the market's scepticism of governor Mark Carney's forward guidance policy.
In a buoyant session for retailers, Dixons led the way up 4.1p to 48.4p thanks to its move to sell off loss-making businesses.
Superdry fashion firm SuperGroup followed close behind on the second tier risers board, up 4% or 53.5p to 1212.5p after posting an 8.5% hike in like-for-like first quarter sales, while total revenues jumped 25.7%.
FTSE 100 retail giant Marks & Spencer was buoyed by a broker upgrade ahead of the launch of its highly-anticipated autumn/winter range in stores, sending shares up 3% or 15.2p to 493.9p.