Following yesterday's pause for breath the FTSE 100 index continued its winning ways today by adding...
Following yesterday's pause for breath the FTSE 100 index continued its winning ways today by adding 57.70 points to 4,262.10 by the close.
Sage held onto its performance following a solid opening this morning, closing the day up 17.5p or more than 10% to 190.25p. The stock is being pushed by analyst upgrades and hopes for demand increases for accountancy software in the US, one of its major markets.
Rolls Royce jumped 9p to 188.75p as India confirmed it would buy Hawk training jets from BAE Systems – powered by RR engines.
BAE added 0.75p to 181.75p.
BP jumped 11.5p to 448.5p, or nearly 3%, after announcing its Russian joint venture TNK-BP may buy more refineries in Eastern Europe to tap into Russian oil exports.
GlaxoSmithKline added 28p to 1248p, pushing the index up nearly 7 points because of its weighting.
Untilities were hit hard today.
United Utilities dropped 3p to 101p.
Scottish and Southern, the electricity supplier, shed 35.5p to 606p.
Severn Trent lost 11p to 644p.
National Grid Transco slid 5.5p to 382p.
The FTSE 250 hit another 12-month high, gaining 91.6 points to close at 5,778.9.
LogicaCMG jumped nearly 20% or 42.5p to 257p after it said sales and profits would grow in the second half.
Autonomy advanced 21p to 269p after announcing the completion of its takeover of US competitor Virage.
Serco gained 18p to 188p after announcing a rise in profits.
Berkely, the construction company, dropped 19.5p to 860p after one of its directors sold shares worth nearly £9m.
In New York the Dow Jones Industrial Average index is currently up about 38 points to 9,560, while the broader S&P 500 is up 4 points to 1,026.
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