After three days of gains by the Dow Jones Industrial Average that have added 700 points to that ind...
After three days of gains by the Dow Jones Industrial Average that have added 700 points to that index, suggestions that UK interest rates will remain steady for the rest of the year, and a massive IMF bailout of South America's biggest economy Brazil, it really is a hard day to be pessimistic and the FTSE is currently up 11 points at 4,252.
Granada is up more than 4% or 3.75p to 89.75p without particular reason, but investors may be factoring in a turning advertising cycle and the earnings growth that is likely to come after ditching commitments to the ITV Digital platform.
Plumbing supplier Wolseley is up 14p to 565p on renewed interest in the building supplies sector as low interest rates are likely to cushion any slowdown in demand for new housing.
GKN's price target was lowered by UBS Warburg, but shares still gained 6.75p to 278.25p.
Corus is up another 1.25p to 56.25p after the news of the Brazilian bailout: the company is merging with a Brazilian competitor and the new money is likely to help keep demand bouyant.
Land Securities is the biggest loser, down 18.5p to 780.5p, however, on continued questions over who will succeed the current chief executive.
Cable & Wireless has listened to its US lawyers and thinks there is money to be made from a massive patent lawsuit there, but investors here are not so sure, sending shares down 3p to 160.25p.
UK mid-caps are doing well this mornings, with the FTSE 250 index up 23 points to 4,696.
Software and services company Anite is up 2p to 30p to lead the gainers, while vaccine supplier Acambis is up 13p to 230.5p.
That price rise comes as the US and the UK move closer to war with Iraq, which is alleged to have developed smallpox weapons against which Acambis' smallpox vaccine would be used.
Cookson is the leading mid-cap loser this morning, shedding 1.5p to 22p.
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