The FTSE 100 finished flat today but the index's apparent lack of movement belied big moves for...
The FTSE 100 finished flat today but the index's apparent lack of movement belied big moves for a number of stocks. Invensys and British Airways showed the biggest gains amongst a decent bunch of risers but as with yesterday, declines in heavyweight oil stocks kept Footsie rooted to the spot.
The FTSE 100 finished the day down 2.5 points to 5238.2.
Oil stocks fell for a second day as the price of crude dropped to a 2 1/2-year low. Index hevywieght BP fell 38.5p to 491.5p adding to yesterday's 6.4% decline and Shell lost 28p to 456p extending its 6.5% fall yesterday.
Invensys recorded its biggest one-day rise in at least a decade after the group revealed it accumulated cash in its first-half as costs fell. The stock surged 27p to 106p. British Airways also surged in value, adding to the gain of 10% it made yesterday. The stock rose 17% to 217p. BA is also expected to benefit from lower fuel prices.
Over in the US, all the key indices were marginally higher. With investors taking some comfort from military gains in Afghanistan. The Dow Jones added 72 to 9896, the Standard & Poor's 500 lifted 3 to 1144 whilst the Nasdaq advanced 11 to 1914.
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