A stronger momentum in the coalition forces war with Iraq seems to have buoyed trading for the forut...
A stronger momentum in the coalition forces war with Iraq seems to have buoyed trading for the foruth day in the row, to leave the FTSE 100 up over 100 points higher than last week.
Abbey National was one of the big-named movers which saw decent gains and pushed the FTSE 100 to close up 43.3p points or 1.2% to 3814.4. Abbey gained 4.1% to 379p thanks to a improved rating from Morgan Stanley.
The FTSE All-Share Index also managed to close anther 19.08 points to 1824.46.
Reed Executive, the recruitment firm which has seen its share value fall 20% in the last year, has today seen it climb back up by 15%, thanks to an announcement from Reed's ceo, James Reed, that the company would move to private status again for £62.6m.
Smaller player Inveresk, a maker of specialty cardboard and papers, today lost 0.92p or 6.5% to 13.25p after revealing it would raise another £4.8m by selling more shares.
SurfControl, which provides "netnanny-style" software to block racist and pornographic web sites, has also gained 32.5p or 8.4% to 417.5p as the firm now expects to meet analysts' forecasts for fiscal third-quarter revenue.
And MyTravel Group finally climbed 0.38p or 3.4% to 11.49p after agreeing to sell the travel company to Travelex for £20.8m.
In the US, trading has been just as active, but investors do not appear to be quite as confident. The Standard & Poor's 500 index is currently down 0.15% to 876.30 while the Dow Jones is up a fraction to 8241.64 and the Nasdaq is down 0.8% to 1384.86.
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till