Rolls Royce, British Airways, Invensys and Royal & Sun Alliance are being booted from the FTSE 100 i...
Rolls Royce, British Airways, Invensys and Royal & Sun Alliance are being booted from the FTSE 100 index following the quarterly review that took place last night, but that has not dampened spirits as a reversal of yesterday's performance has seen the index climb 70 points to 3,356 on the back of 97 stocks making gains.
The improved performance follows overnight gains in New York, where the Dow Jones Industrial Average index gained 28 points to 7,552 as buyers marginally outnumbered sellers and managed to stop a third straight day of losses.
Vodafone did most to push up the index, gaining 3p to 104p.
Top gainer by share price is Schroders non-voting, up 19p to 384.25p, closely followed by Invensys, up 0.5p to 10.25p.
Trying to pull down the index is Six Continents, which has lost 1p to 574p following its shareholders' vote to split the company rather than take the offer to buy the company from restauranteur and publican Hugh Osmond. ,/p>
Canary Wharf is down another 9.5p to 170.5p after its admission yesterday that its Docklands offices are standing increasingly empty.
The FTSE 250 is up 10 points to 3,812.
Corus leads the gainers with a 1.4p rise to 7.5p ahead of a court judgement that will determine whether the company can proceed with a restructuring plan.
McAlpine has reported falling profits, and its shares are down 29.5p to 185.5p.
Despite improved risk appetite
FOS award limit increase
Relates to 136 million transaction reports
Ceremony will take place 13 November