Following a big 160 points gain by the Dow Jones Industrial Average index overnight, the FTSE 100 th...
Following a big 160 points gain by the Dow Jones Industrial Average index overnight, the FTSE 100 this morning continued its positive run started yesterday, gaining 16 points to 3,956, and again heading towards the important 4,000 level.
Results continued to play their part in the recovery.
British American Tobacco gained 4.5p to 600p after reporting a 3.5% rise in first quarter net income to £235m.
Amvescap gained 7.5p to 347p even as analysts said its first quarter results due by midday would show a fall in profit.
Friends Provident boosted the insurance sector by reporting a near 10% rise in first quarter sales to £91.5m, boosting its share price by 1.5p to 96.75p.
The FTSE 250 is up 16 points to 4,338.
The big news Corus' decision to cut large numbers of jobs and close further production facilities across the UK.
The action pushed shares up 2.24p to 17.76p, but the issue of global overproduction of steel remains, and it is still hard to see a clear path forward for the company.
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