A 14 points gain to 5,054 pushed the FTSE up today as certain key stocks managed to turn around what...
A 14 points gain to 5,054 pushed the FTSE up today as certain key stocks managed to turn around what has been a trying week.
Chip designer Arm managed to reverse some of the losses it has taken in the past few days after analysts downgraded their share price target and others raised concerns over earnings growth strength.
Today, however, analysts at investment bank Goldman Sachs raised their recommendation on the stock to a 'buy', which helped put 8p on the shares, taking them to 180p.
Electronics retailer Dixons put on 8p to 218p after analysts at Credit Suisse First Boston upgraded their stance on the stock.
Not such a good morning for Hays, however, as the stock continues to find a stable support level following the changes in management during the past month, its shares lost 3.75p to 166.25p.
And rumours of talks between GlaxoSmithKline and Bristol-Myers have not done that company any favours on the stock exchange, as its shares shed 28p to £14.09.
The FTSE 250 mid-cap index is up 10 points at 6,018 after investors started piling back into engineer and maintenance company Jarvis.
Previously hit because of its links to the Potters Bar rail crash, Jarvis shares are up 22p to 342p today.
The biggest faller of all today is AIT, which has slumped more than 60% or 312.5p to 180p after it issued a profits warning after previously saying it would meet earnings forecasts.
Last night the Dow Jones Industrial Average index shed 11.35 points to 9,911.69, while Nasdaq's Composite gained 7.53 points to 1,631.92.
The Nikkei 225 index in Tokyo is down 6.33 points at 11.763.70.
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