Investor courage was boosted today after last night's reports of growing consumer confidence and hou...
Investor courage was boosted today after last night's reports of growing consumer confidence and housing starts in the US, helping the FTSE 100 index to a 79.50 points gain to 4,071.90 by the close.
Cable & Wireless, which does a significant amount of business in the Americas, especially the Carribbean, added 6.25p to 98p.
Amvescap, which recently was being linked to poor returns because of currency issues and the falling dollar, added 16.5p to 348p – it does a lot of business in the US.
Pearson gained 25.25p to 557p after Moody's Investor Service raised its outlook on the company's debt to 'stable' from 'negative'.
Reuters, also heavily into financial media, followed suit, adding 7.75p to 181.75p.
Northern Rock managed a hefty 30.5p gain to 739p after reporting a surge in mortgage lending in the first five months of the year.
Just nine stocks in the FTSE 100 index recorded losses today.
National Grid came under pressure after regulatory moves to tighten up on pricing for so-called 'interruptable supplies', and its shares fell 8.5p to 407.5p.
SAB Miller fell 0.5p to 413p after news of changes to licensing laws that would force a split between brewing and distribution businesses in South Africa, its biggest single beer market.
The FTSE 250 index gained 68.9 points to 4,746.1 as mid-cap stocks followed the blue-chips higher.
Dimension Data led the gainers, rising 1.75p to 22.75p as technology continues to make a comeback in portfolios and the South African rand fell for another day – it was the strongest currency on exchanges last year.
Insurer and underwriter Hiscox fell 16p to 153.5p to lead the losers.
Shares are up in New York again, with the Dow Jones Industrial Average index currently up about 45 points to 8,826.
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