The FTSE 100 index of leading UK shares swung round to eradicate a near 60 point drop before lunch an...
No particular sector or type of stock led the day, as Scottish Power, Electrocomponents, British Airways, Hayes and 3i were among the leading gainers, but Shire Pharmaceuticals, Northern Rock, Pearson and Logica made up the losers crowd.
Although the FTSE recovered from its early losses, there was no sparkle in the turnaround, as losers outnumbered gainers by 55 to 39.
The stock weightings within the index did the trick, however, as heavyweights Vodafone and BP both made gains, up 3.75p to 175.25p and 8p to 549.5p respectively.
The spate of company results continued to reap their toll: Shire Pharmaceuticals said it would not be able to raise the price of a particular product until it has taken a particular market share - that knocked 43p off the stock to £10.19.
By the same token Electrocomponents was able to add 42p to its share price, to 494p, after revealing results in line with expectations.
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