The FTSE is up 47 points at present at 5,071 after investors bought back into stocks that slipped he...
The FTSE is up 47 points at present at 5,071 after investors bought back into stocks that slipped heavily since Monday and on views that the index below 5,200 is moving towards oversold territory. Factory controls supplier Invensys and software developer Logica are two of the biggest rebounders. Logica is up 19p to 428.5p after brokers said it was oversold yesterday in the wake of a trading statement. Invensys was pummeled earlier this week because of its proposed restructuring plan, but today is up 5p at 94p. A positive note on telecoms from Dresdner Kleinwort Wasse...
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