News overnight that US second quarter growth figures are being revised upwards after increases in co...
News overnight that US second quarter growth figures are being revised upwards after increases in consumers spending and business investment has helped the FTSE to a 14 points gain to 4,212 so far today.
Rentokil leads the gainers adding 4.25p to 208.75p after analysts raised their share price targets for the stock following yesterday's positive results.
Prudential heads the insurance sector with a 8.25p rise to 442.25p.
Cable & Wireless added 2p to 121.5p – taking its gains since a low in December last year to more than 170%.
Johnson Matthey jumped 14p to 964p as the biggest maker of metals for car catalysts gained on reports that car sales increased in the US in the past few months.
National Grid was a big loser, however, shedding 3p to 391p after last night's blackout in South London. The company was also involved in the big blackout that hit the US and Canada recently.
Sainsbury is down 3.25p to 278.75p as investors continue to mull the battle for Safeway.
Royal & Sun Alliance dropped 4p to 140.25p.
The FTSE 250 pushed close to a new high again, adding 18 points to 5,588.
Brambles, the Australian pallet maker, gained 7.25p to 187.25p after news of a deal to lock in it chief executive.
Collins Stewart, the broker, continues to suffer the allegations that it took part in insider trading, dropping another 22p to 395.5p today.
Overnight, the Dow Jones Industrial Average index gained 40.42 points to 9,374.21.
The S&P 500 added 6.05 points to 1,002.84 – the first time it has crossed the 1,000 points level since June last year.
Nasdaq's Composite added 18.05 points to 1,800.18.
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