The FTSE snapped its nine-day losing streak as it put on 49.90 points to close at 3,974.90, just shy...
The FTSE snapped its nine-day losing streak as it put on 49.90 points to close at 3,974.90, just shy of the important 4,000 level.
The rise comes as Cable&Wireless, Corus and Brambles were today selected by FTSE Group for relegation to the FTSE 250.
In come Liberty, British Airways and Whitbread.
Ironically, top gainer was Cable&Wireless, which in percentage terms added 8.5% to its value, or 3.5p to 44.5p.
Insurers got some positive news from another report forecasting rising earnings in 2003 as higher premiums kick in: Royal&Sun Alliance gained 7.75p to 133.5p.
And the UK's DIY mania helped Kingfisher report surging profit thanks to its B&Q outlets, and its shares rose 10.25p to 217p.
Reuters appointed a new director of corporate communications, helping its shares gain 9p to 210p.
Bond traders went positive on tobacco stocks, but Imperial and Gallaher still managed to lose ground, down 7p to 981p and down 8p to 593p respectively.
Credit agency Standard&Poor's report into dangers of a house price collapse hitting UK banks hit Abbey National hardest, and it shed 23p to 548p.
Rumours of a BAE Systems bid for Raytheon Corp. of the US sent its shares down 32.5p to 131p.
The FTSE 250 index rose 3.2 points to close at 4,399.6.
Telecoms stock Kingston Communications attracted the most attention, gaining 7p to 62p.
Motor vehicle distributor Inchcape dropped 41p to 640p.
Trading in the US has opened up today, with the Dow Jones Industrial Average index climbing 26 points to 8,600.
Putting the tech into protection
Square Mile’s series of informal interviews
Fallout from Haywood suspension
Launching later in 2019
£80bn funds under calculation