After starting the day down, the FTSE 100 index staged a comeback this afternoon, ending the week by...
After starting the day down, the FTSE 100 index staged a comeback this afternoon, ending the week by gaining 34.30 points to close at 3,889.20.
More than 80 stocks made gains, led by WPP, which rose 15p to 400p after announcing a US acquisition related to its healthcare advertising business.
GlaxoSmithKline ended co-operation with key competitor Merck over the development of a new drug, and saw its share price gain 30p to £12.25.
Rio Tinto, the miner, saw its shares gain 20p to £12.34, despite forecasts by its chief executive that commodities prices are going to remain flat through the rest of this year.
BAE Systems was one of the biggest losers, dropping 1.75p to 119.25p after problems emerged over the massive aircraft carrier contract it must share with France's Thales.
Intercontiental topped the losers, however, losing 12.75p to 348p as hotel bookings remain depressed in the wake of the war on Iraq.
The fTSE 250 index climbed 1.5 points to 4,260.5 today.
Invensys, the factory automation tools provider that looks increasingly likely to be broken up, gained 0.75p to 16.75p.
Chubb, the target of a takeover, gained 3p to 82p.
Avis unveiled poor results, sending its shares down 18.5p to 81.5p.
In New York at present, the Dow Jones Industrial Average index is up 12 points to 8,270, while the S&P 500 index is up 6 points to 886.
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