Confidence is improving and sales targets suggest business is getting better, so the FTSE 100 finall...
Confidence is improving and sales targets suggest business is getting better, so the FTSE 100 finally managed to close up over the 41,000 level for the first time in a few weeks.
Burberry, the retail group, helped to push the FTSE 100 up 69.5 points or 1.7% to 4127.6 thanks to a sales revival at the end of first quarter sparked by price cuts. Gus, which owns almost 80% of Burberry, closed up 1.9% to 706p while Burberry gained 7.25p or 2.6% to 283p.
Reuters, the financial news and information group, also leapt 13.75p or 6.6% to 221p as it is now expected Q2 revenue will not fall as far as originally anticipated.
This comes just at the same time as Reuters begins legal proceedings against Bloomberg - its fierce rival - for reportedly using of its specialist software as part of the Bloomberg operation.
Football is clearly in the limelight again, after recent excitement concerning Chelsea. This time, over however Sunderland is facing a second bout of financial relegation while there are rumours of Aston Villa gaining an extra boost.
Birmingham-based Aston Villa has seen its share price leap 14p or 8.1% to 187.5p after a Birmingham Sunday newspaper suggested a Venezuelan billionaire is in talks to buy a stake in the company.
News at Sunderland is not so good - forcing the share price lower by 6.5p or 12% to 47.5p as the company is thought to be seeking "protection from creditors" and threat of liquidation looks more likely.
Highbury House Communications, the magazine publisher, has lost key ground and dropped 0.25p or 1.1% to 22.5p after announcing plans to buy Paragon Publishing Holdings - which publishes consumer magazines on video games, personal computing, the internet and home entertainment - £32m.
And SSL International - the maker of Durex condoms saw its share price grow 25p or 8.1% to 335p as the company confirmed rumours of takeover talk. SSL has not specified at this stage which company may be doing the bidding.
Trading in the US is also performing a little better today, as all three of the main indices in New York are up at least 1.5% by close of business in London.
The Standard & Poor's 500 index is up 15.40 points or 1.5% to 1013.5 and the Dow Jones has so far gained 143.5 points or 1.6% to 9263 while the Nasdaq Composite index is doing even better, having gained 35.86 points or 2.1% to 1769.7.
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Three big drivers
No easy answers