Continued recovery by Branbles shares and demand for Granada and BAE shares helped push the FTSE up ...
Continued recovery by Branbles shares and demand for Granada and BAE shares helped push the FTSE up 3 points to 4,124 this morning.
Brambles tumbled last week after reporting big losses but it has turned up this week so far following yesterday's pledge to return to strong growth next year, and it is up 8.25p to 146.25p today.
Granada has gained on merger partner Carlton Communication's report that losses have narrowed significantly following the decision to stop spending on ITV Digital earlier this year.
Speculation about the awarding of the UK government's huge multi-billion pound aircraft carrier order may be behind BAE's continued rise, despite problems with the Eurofighter programme to which it is supplying engines; shares are up 5p to 176.25p.
National Grid Transco is up 8p to 440.5p after announcing it sees £100m in savings from the merger of the two companies that created the firm.
Vodafone is pulling against the index rise this morning as its shares lost 1.5p to 121.5p after analysts at Deutsche Bank downgraded their recommendation from a 'buy' to a 'hold' following recent days' gains.
Sage is down 3.25p to 158.75p after UBS Warburg downgraded the stock to 'hold' from 'buy', also following recent gains.
The FTSE 250 index is unchanged at 4,497 points after a mixed performance by its constituents.
Bank note printer De la rue is up 31p to 240p after it said it was turning around from the losses announced recently.
And Carlton Communication is up 9.75p to 143.75p after announcing its losses were narrowing after it ditched support for the loss-making ITV Digital earlier this year.
Investors have not been impressed by MyTravel's decision to delay publishing results as it seeks a deal with private investors, and shares are down 3.75p to 29.25p so far.
Overnight, the Dow Jones Industrial Average index gained 44.56 points to 8,849.40.
The S&P 500 gained 2.33 points to 932.88, while the Nasdaq Composite climbed 13.16 to 1,481.90.
The Nikkei 225 index in Tokyo shed 120.45 points to close at 8,823.99, while Hong Kong's Hang Seng shed 105.25 points to 9,995.52.
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