At mid morning trade the FTSE 100 was flat, down 0.4 to 5050.4. Media stocks fared well but the...
At mid morning trade the FTSE 100 was flat, down 0.4 to 5050.4. Media stocks fared well but there were no other obvious sector trends.
Investors were cheered by news that Bank of England Governor Sir Edward George thinks the economy could rebound in the second half of 2002.
Granada was amongst the top gainers, it was up 4.4% to 107.5p. The group is down around 25% so far this year and buyers are stepping in seeing the stock at a decent valuation.
In the US on Friday, the Dow Jones recorded its second week of gains. On the day, the Dow Jones added 133.47 to 9968.15 and at one point crept over the 10,000 mark. The Standard & Poor's 500 rose 8.89 to 1089.84 and the Nasdaq added 8.3 to 1724.54.
For the week, the Dow Jones added 0.7%, adding to it's 1.6% climb the previous week. The Nasdaq however, fell 4.5% notching up its fourth consecutive weekly decline. The Standard & Poor's 500 lost 1.3%.
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