The FTSE 100 began the week with a rise of 52.7 points to 5070.4. There were few obvious trend...
The FTSE 100 began the week with a rise of 52.7 points to 5070.4. There were few obvious trends to the day's trade although oil heavyweights fared well with OPEC thought to be considering cutting crude output.
There were 69 gainers amongst the FTSE 100 against 26 losers. WPP group led the risers with a gain of 42p to 537p. Deutsche Bank drummed up some support after naming the group a decent pick if and when the anticipated US economic recovery occurs in the second half of 2002.
Granada also fared well after reports emerged that should it and Carlton Communications decide to close their loss-making digital-television Company, ITV Digital, and sell the subscribers, a saving of around £750m could be made. Granada added 8p to 135p. BskyB advanced 41p to 781p on the news as it could scoop up as many as 1.2m of the subscribers.
Billiton and Hilton led the FTSE 100 fallers as both groups declined 4%.
Over on Wall Street semiconductor and software shares were being snapped up as all the key indices posted modest gains.
The Dow Jones added 57 points to 9261, the Standard & Poor's 500 lifted 5 points to 1078 while the Nasdaq fared best with a gain of 19 to 1691.
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