The FTSE 100 index fell, gained and fell again this morning, currently trading down 9 points near 4,...
The FTSE 100 index fell, gained and fell again this morning, currently trading down 9 points near 4,072 after investors tried to form an opinion on what the past two days of interest rate decisions means for company earnings over the coming year.
AstraZenica gained 80p to £24.18 after Deutche Bank analysts raised their recommendation on the stock to "buy" from "hold".
Royal & Sun Alliance gained 3.75p to 123.75p following yesterday's restructuring announcement, which will lead to big job cuts as businesses are sold or outsourced - JPMorgan raised its recommendation on the stock to "overweight".
UK banks have been hit by fears business lending will be slower following the decision to leave UK rates unchanged.
HBOS is off by 17.5p to 710.5p, and Abbey National is off by 18.5p to 678.5p.
UK mid-cap stocks are down, with the FTSE 250 index off by 17 points at 4,499.
Glass maker Pilkington has been a big loser, shedding 3p to 64.25p after ratings agency Starndard & Poor's downgraded its ratings outlook on the company's debt - a downgraded outlook is often followed by an actual downgrading of the debt.
Betting is still going strong according to Stanley Leisure, which said its first half was in line with expectations, helping its share price gain 11p to 398.5p.
Overseas, the Dow Jones Industrial Average last night closed down 184.77 points at 8,586.24, the S&P 500 closed down 21.11 at 902.65 and Nasdaq's Composite index shed 42.28 points to close at 1,376.71.
Tokyo's Nikkei 225 index lost 229.67 points to close at 8,690.77, while Hong Kong's Hang Seng index is down 73.70 at 9,770.68.
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