The FTSE 100 finished higher today with a gain of 31.5 points to 5071.2. ICI spearheaded gains ...
The FTSE 100 finished higher today with a gain of 31.5 points to 5071.2. ICI spearheaded gains with a 12% rise after the group said third-quarter profit fell less-than-expected.
ICI, who also said it would be cutting 1300 jobs, gained 38p to 362p to mark its best ever one day percentage climb. The group reported that third-quarter net income before one-time items fell to £70m from £76m in the previous year's quarter. Onlookers had been anticipating a fall of around £63.8m.
Concrete producer Hanson led the FTSE 100 fallers following news that building material manufacturing bellwether CRH had announced a full year profit warning in the light of shrinking US housing demand. Hanson lost 38p to 433p.
Wall Street was in good mood at midday with all the key indices higher. The Dow Jones added 90 to 9165, the Standard & Poor's 500 advanced 11 to 1071 and the Nasdaq lifted 24 to 1714.
Microsoft brightened trade after the technology bellwether announced it has negotiated a tentative agreement with the Justice Department to settle its three-year antitrust battle. It is believed the move could see Microsoft agree to allow computer manufacturers to alter its Windows operating system to give rival software manufacturers a fair base to create competing products.
Microsoft was up $2.40 to $60.55 making it the lead performer on the Dow Jones so far this year, up 39%.
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