As US indices this afternoon rebounded strongly, the FTSE 100 index here managed to build on this mo...
As US indices this afternoon rebounded strongly, the FTSE 100 index here managed to build on this morning's gains, ending the day up 67.80 points at 3,938.
Scottish & Newcastle led the charge with a 28.75p gain to 371p after announcing plans to spin off its pubs and restaurants business.
Barclays gained 24p to 443p after announcing plans to issue an investment fund linked to the price of gold.
Insurers had a good day.
L&G gained 4p to 76.5p, a 5% rise.
Aviva gained 20.5p to 450.5p.
Shire Pharmaceuticals dropped 28.75p to 391.25p on news the US Food and Drug Administration has refused a licence for a treatment that Shire acquired the licence to in February.
The FTSE 250 index gained 24.7 points to close at 4,322.9.
LogicaCMG jumped 14.75p to 112p to lead the gainers.
Royal & Sun Alliance gained 5.5p to 108.25p.
Misys gained 8p to 190p.
Chubb, currently the focus of a takeover bid, fell 5.75p to 66.25p.
Celltech continued its recent fall by dropping another 22p to 258p after analysts cut their outlook on the stock.
In the US, the Dow Jones Industrial Average index is currently up 144 points to 8,450.
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