Gains in the banking and pharmaceuticals sectors helped the FTSE add 20 points this morning, taking ...
Gains in the banking and pharmaceuticals sectors helped the FTSE add 20 points this morning, taking it above the 4,200 level for the first time since mid-June.
The index is up 200 points to 4,202 since a dip in the first week of July.
Standard Chartered was the lead gainer this morning, adding 14p to 843p.
Lloyds TSB added 6p to 436p.
Prudential added 5.5p to 418p.
Shire Pharmaceuticals gained 6.25p to 464.25p on continued positive reaction to yesterday's news about further patent protection of one of its products.
AstraZenica continued the bounce set off by US Food and Drug Administration approval of its new cholesterol drug, adding 32p to 2568p.
AngloAmerican fell 6.5p to 1145p after falls in South African stocks earlier today – the company's operations are primarily based in that country.
Mid-cap stocks are also performing well today sending the FTSE 250 index up 10 points to another 52-week high 5,425 – it has now recovered 1,600 points since its low of about 3,800 in March this year.
Countrywide Assurance jumped 12p or nearly 10% to 133.5p after the company issued a notice that its earnings and profits in the second half should exceed analysts' expectations because of a pick-up in the housing market.
Yesterday, the Dow Jones Industrial Average index fell 38.30 points to 9,271.76 in New York.
Tokyo's Nikkei 225 index climbed 160.72 points to 9,913.47 this morning.
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