Sale of Chelsea Village and Chelsea Football Club to Russian billionaire Roman Abramovich helped to ...
Sale of Chelsea Village and Chelsea Football Club to Russian billionaire Roman Abramovich helped to lift trading in the FTSE 100 back above the 4000 mark by close of business this afternoon.
Ken Bates, chairman of the group today announced he was selling to the 36-year old Russian and metals tycoon, lifting Chelsea's share price 7p or 25% to 35p and helping the FTSE 100 to climb 43 points or 1.1% to 4006.9.
Edinburgh Fund Managers Group is also said to have told the Glasgow Herald yesterday that it "may or may not be up for sale", which raised its share value 16.5p or 22% to 90p.
Computacenter, which is now Britain's biggest seller of computers to businesses, also climbed 15p or 4.2% to 370p as first-half results are thought to be higher than analysts' expectations.
Somerfield, the supermarket chain, also lifted its share value 5.25p or 4.3% to 127.5p as profits rose 20% in the second half of fiscal 2003.
But not everyone has had a good day, as Aberdeen Football Club has had to cancel its plans to list on the FTSE Alternative Investment index. The Scottish football club subsequently dropped 7p or 14% to 42.5p.
In the US, trading is looking better than yesterday as computer stocks seem to be driving gains.
By close of business in the UK, the US Dow Jones rose 78.15 points or 0.9% to 9119.10 while the Standard & Poor's 500 index gained 8.07 or 0.8% to 990.39 and the Nasdaq Composite Index jumped 28.17 points or 1.7% to 1668.30.
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