The FTSE 100 managed a rise of 68 points to 5169 on Friday, marking the index's best weekly gai...
The FTSE 100 managed a rise of 68 points to 5169 on Friday, marking the index's best weekly gain so far this year of 2.3%.
The city was cheered by figures from the UK manufacturing index, which rose to 50.1 last month from
46.5 in January, signifying its first rise since February 2001. Anything the UK did today, the US did better though – it was revealed today that US manufacturing grew in February for the first time in 19 months according to the Institute for Supply Management. At midday over on Wall Street markets were notably higher.
In the UK, it was a good day for the banking sector. Lloyds TSB, added 25.5p to 705.5p. Royal Bank of Scotland, gained 65p to 1,797p. Barclays rose 40p to 2,115p.
Brambles Industries added 6.5% to 327p, bringing its weekly gain to around 15%. British Airways climbed 6.6% to 217p bringing its weekly gain to 12%.
On Wall Street at midday the Dow Jones was up 159 to 10265 the Standard & Poor's 500 improved 15 to 1121 and the Nasdaq gained 41 to 1773.
View from the front row
Project Libra unveiled
Including SJP and investment trusts
Spent two years at Sanlam
Will also assess FCA's actions