FTSE gains on upbeat China data, softer pound; Ted Baker slips
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(Reuters) - London's FTSE 100 bounced on Monday after a near 1% drop in the previous session, as upbeat manufacturing activity from China - the world's second-largest economy - boosted sentiment, while fashion retailer Ted Baker slid on overstated inventory.The FTSE 100 advanced 0.5% by 0945 GMT. An index of miners surged 1.6%, while oil majors Shell and BP added more than 1% each.The gains owed much to surveys of China's factory activity, which beat forecasts with one showing the quickest..