Rising UK stocks have helped the FTSE 100 index gain 36 points to 4,167. Exel, the logistics...
Rising UK stocks have helped the FTSE 100 index gain 36 points to 4,167.
Exel, the logistics company, has reported a fall in net earnings because of less trade in its US and European markets and currency fluctuations, but its shares are still up 26p to 686p to lead the FTSE 100 gainers.
Pearson shares gained 19.25p to 588.25p after it reported better earnings figures on the back of cost cutting in its first half.
United Utilities has fallen, however, after announcing a massive £1bn rights issue, which it says is needed to meet the costs of tighter water industry regulations – shares fell 34.5p to 541.5p.
Poor first-quarter earnings by BAA on the back of SARS and war in Iraq helped the country's largest airport operator lose 10.5p to 486.5p.
Airports and airlines also figure highly in news from the FTSE 250 index, which today hit its highest level for a year - up 13 points to 5,234.
British Airways leads the losers with a 6.5p fall to 164p after weekend reports that its chief executive Rod Eddington has warned staff it could go the way of competitors Swissair and Sabena if they do not adopt to new working practices.
It is still better days for Corus, the Anglo-Dutch steelmaker, which is up another 1p to 25.5p.
On Friday a rebound in US markets saw the Dow Jones Industrial Average index jump 172 points to 9,284.
The S&P 500 index gained 17.08 points to 998.68, and Nasdaq's Composite added 29.28 points to 1,730.70.
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