It was a morning of mixed fortunes on the Footsie. The index climbed 7.5 points to 5864, reboundi...
It was a morning of mixed fortunes on the Footsie.
The index climbed 7.5 points to 5864, rebounding from an earlier loss of as much as 14.3 points.
Railtrack Group Plc fell after ABN Amro said its shares were worth 13% of yesterday's closing price, and Diageo Plc dropped 18.5p to 756p after HSBC Securities advised selling the stock.
Railtrack slumped 64.5p, or 15%, to 373.5, leading the Footsie declines in percentage terms. UBS Warburg says Railtrack will probably exit the Footsie 100 later this month.
Railtracks likely replacement on the Footsie 100 Next Plc added 2p to 969.
Shai Hill, an analyst at HSBC, downgraded the biggest liquor company to "sell" from "hold". Diageo's fall wiped 2.68 points from the Footsie, the index's biggest loss in point terms.
US stocks rose for a fourth day as semiconductor shares gained after Xilinx Inc., the largest maker of programmable chips, said order cancellations have "slowed considerably".
The Nasdaq Composite Index climbed 21.85 to 2177.78, led by Cisco Systems, Intel and Xilinx. It has climbed 4.5% in the past four sessions.
The Standard and Poor's Index gained 3.35 to 1270.46. The Dow Industrial Averages advanced 13.47 to 11,074.99.
Three stocks rose for every two that fell on the Nasdaq Stock Market, while advancing and declining shares were about even on the New York Stock Exchange.
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