The FTSE 100 was flat at mid morning trade, up 6.9 points to 5174.5. Few trends dominated but t...
The FTSE 100 was flat at mid morning trade, up 6.9 points to 5174.5. Few trends dominated but technology stocks fared quite well on the back of decent gains made by their US counterparts yesterday.
The FTSE 100 had 60 risers and 37 losers. Gains were led by retailer Dixons with a rise of 11.75p to 213.25p. WPP followed, up 32.5p to 591.5p and with news that the Takeover Panel is forcing the advertising group to proceed with its takeover of media buying agency Tempus.
FTSE 100 fallers were led by Daily Mail & General, down 31p to 617p then Cable and Wireless, down 12p to 327p.
Technology stocks faring well included Sage, Arm and Logica who all posted gains of 3%.
Technology buying proved to be the main theme of trading on Wall Street on Wednesday. This pushed the Nasdaq 27 points higher to 1731 but the other key indices fared less well and finished relatively flat - the Dow Jones eked out a gain of 5 points to 9,345 while the Standard & Poor's 500 slipped 0.37 to 1,084.41.
Trading in Japan was modest although the benchmark Nikkei 225 crept 77.95 higher to 10,880.10. Gains for bank shares and pharmaceuticals spearheaded the rise.
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