FTSE 100 higher at midday

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Towards midday the FTSE 100 was up 39.6 points to 5140.6. Gains were capped at 5% by ICI, L...

Towards midday the FTSE 100 was up 39.6 points to 5140.6. Gains were capped at 5% by ICI, Logica and Brambles Industries while losses were capped at 3% by Capita and WPP. There were few obvious trends to trade but the banking sector improved after its day in the red yesterday. In the US on Thursday the Standard & Poor's 500 suffered its sharpest monthly decline since September. The underlying factor behind its fall has been put down to concern that corporate profits will recover more sluggishly than first anticipated. By the close of trade on Thursday the S&P 500 dropped ...

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