The FTSE 100 index ended the day down 11.30 points at 3,567.40 after starting a recovery from its 68...
The FTSE 100 index ended the day down 11.30 points at 3,567.40 after starting a recovery from its 68 points deficit hit this morning.
Several pieces of positive news filtered over from the US after markets opened there this afternoon, with Boeing signing a massive order with low cost airline Ryanair, Walt Disney reporting better than expected earnings, and surveys showing industrial output gaining in the Mid-West region.
In London, Alliance Unichem dropped 27p to 389p after the Office of Fair Trading urged the government to disband current rules restricting pharmacy licences – Alliance may see more competition to its pharmaceuticals distribution network.
WM Morrison dropped 11p to 158.5p after its bid for Safeway was officially tabled, starting the clock towards a takeover countdown.
Six Continents led the gainers with a 22.5p rise to 516.5p following upgrades to analyst recommendations earlier this week – the stock has gained 55p in the past two days.
BOC shares rose 21.5p to 787.5p following the new lows hit earlier this week and ahead of results due on Tuesday next week.
The FTSE 250 ended the week down 5.2 points at 4,016.4 after internet bank Egg got hammered when its parent Prudential was hit with a credit rating downgrade.
Egg lost 8p to 99p.
Acambis gave up some of yesterday's gains, shedding 11p to 207.5p.
Stagecoach jumped 4.5p to 35.4p after a number of directors piled into the stock this afternoon, this after leaks from the Strategic Rail Authority in the past 48 hours that it may allow some operators to cut more services and raise ticket prices again to pay for more track improvements.
In the US things have started fairly well, as the Dow Jones has picked up 94 points after yesterday's 165 points loss, the S&P has also gained, although the Nasdaq is off by 1 point.
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