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		</div><p><a href="http://londonglossy.com/wp-content/uploads/2010/12/tesco-sales-report-leads-ftse-surge.jpg"><img class="alignnone size-full" title="The FTSE 100 Index was up 57 points at 5827.3" src="http://londonglossy.com/wp-content/uploads/2010/12/min-tesco-sales-report-leads-ftse-surge.jpg" alt="The FTSE 100 Index was up 57 points at 5827.3"/></a></p>
<p>Supermarkets are in sharp focus as Tesco reported robust third quarter sales and vague Qatari bid talk returned to boost Sainsbury&#8217;s shares.</p>
<p>The wider FTSE 100 Index was also surging ahead, up 57 points at 5827.3, while it was a similar picture on Wall Street.</p>
<p>America&#8217;s Dow Jones Industrial Average leapt more than 80 points soon after opening following news that President Barack Obama is to extend tax cuts for two years.</p>
<p>In London, higher metal prices were helping the market as mining shares surged.</p>
<p>BP lifted 2% or 7p to 457p, while among miners Antofagasta was 71p higher at 1528p.</p>
<p>Tesco was also one of the leading risers, up 2% or 8.7p to 428.7p, after its third quarter figures came in marginally above market expectations.</p>
<p>It said like-for-like sales were up 1.5% in the three months to November 27.</p>
<p>This was better than the 1.2% increase during the first half despite easing food price inflation.</p>
<p>The retail giant admitted the recent snow disruption had since impacted sales, but said lost ground would likely be recovered as consumers stock up over the next few weeks.</p>
<p>Rival Sainsbury&#8217;s was more than 4% higher, up 15.8p to 373.2p, as traders once more speculated over the possibility of takeover interest from the Qataris.</p>
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