A solid day for media related stocks helped the FTSE 100 to gain 49.9 points to 5100.7. ...
A solid day for media related stocks helped the FTSE 100 to gain 49.9 points to 5100.7.
Factory controls manufacturer Invensys topped the FTSE 100 risers with a gain of 9p to 96p. The group defiantly declared its financing plans won't be hampered by Moody's Investors Service's decision to cut its credit rating to junk. The stock fell 21% last week.
Granada added 6p to 109p. Analyst Goldman Sachs lifted its recommendation on the group to market outperformer from market performer saying Granada was well positioned to benefit from an economic recovery.
Pearson rose 33p to 726p after revealing it has received several expressions of interest for its FT Business division.
Market heavyweight Vodafone spoilt the party with a fall of 3p to 127p as concern mounts that a weak yen will lower the value of its Japanese investments.
In the US, all the key indices were higher at midday. The Dow Jones added 96 to 10064.68, the Standard & Poor's 500 rose 9 to 1099 and the Nadaq improved 22 to 1747.
Wall Street was cheered by optimistic updates from General Motors, Lowe's and Qualcomm who all said business was improving.
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