UK markets were boosted by a positive start on Wall Street. The index closed 52.5 points higher to 5...
UK markets were boosted by a positive start on Wall Street. The index closed 52.5 points higher to 5,166.
Among the gainers, Sainsbury added 11p to 376p after it posted a higher sales growth than Tesco for the three weeks ended to 31 December 2001. ARM Holdings were up 8p to 344p after Goldman Sachs said that the comany should grow even if environment worsens.
Compass group was 16p higher to 507p following an upgrade by Goldman Sachs.
Marconi dropped 4p to34.5p after announcing that it is axing 4,000 jobs. While Woolworths shed 5.5p to 37.25p after it reported that profits might be hit by slow Christmas sales.
Premier Oil lost 0.5p to 17p owing to the fall in oil prices, which was triggered by a statement that OPEC will leave oil production quotas unchanged.
The US market is still on the rise after report shows that the retail sector fell by far less than expected. The Dow Jones is trading 70.6 points up to 9,962.06 while the Nasdaq rose by 12 points to 2002.72.
Putting the tech into protection
Square Mile’s series of informal interviews
Fallout from Haywood suspension
Launching later in 2019
£80bn funds under calculation