Towards lunchtime on Monday, the FTSE 100 was up 21 points to 5182. There was no ...
Towards lunchtime on Monday, the FTSE 100 was up 21 points to 5182.
There was no obvious theme to the morning's trade but gains from index heavyweights Vodafone and 1% gains for BP and Shell offset modest declines elsewhere. Vodafone added 5p to 115p, clawing back some of the 16% plunge it experienced last week - its worst performance for two years.
ARM was the only notable mover after the stock lost 9% to 247p. Investors bailed out after the group posted first-quarter royalty revenue of £6.4m, someway short of the £7.8m expected by analysts.
Over in the US on Friday markets edged higher led by gains for computer-related stocks. Investor's breathed a sigh of relief after the Securities and Exchange Commission said it closed an inquiry into IBM without taking action.
The Standard & Poor's 500 advanced 7.32 to 1111.01. The Dow Jones added 14.74 to 10,190.82, and the Nasdaq rose
30.95 to 1756.19.
Index gains were limited by weakness in the oil sector following a fall in crude prices.
For the week, the Standard & Poor's 500 was down 1% and the Dow Jones and the Nasdaq both lost 0.8%.
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