The FTSE 100 was relatively flat at midmorning trade. London's leading index gained 6.7 points ...
The FTSE 100 was relatively flat at midmorning trade. London's leading index gained 6.7 points to 4888.8. Few investors were willing to make any big plays in the midst of the current uncertainty.
Leading the gainers on the FTSE 100 was BAE Systems with a rise of 29p to 339p. The defense company reported that first-half profits were up and buyers have also moved in on expectations that military spending will increase in the wake of the terrorist attacks in New York City and Washington.
Colt Telecom led the FTSE 100 fallers with a decline of 14p to 161p.
The New York Stock Exchange is closed again today. US trading may resume on Friday but will definitely be under way by Monday said Richard Grasso, chairman of the exchange. The three day closure is the longest break in trading recorded since the great depression. The US government bond market, however, is expected to open today.
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