The FTSE 100 is up this morning as the mortgage sector posts some kind early gains, the index currently sits 51.5 points higher, or 0.77%, to 6448.4.
Northern Rock is expectedly posting the best results, as it announced last night it was in preliminary discussions with prospective parties. The beleaguered lender is currently on 179.7, a jump of 16.6 points, or 10.18%. Invesco and Smiths Group are also doing well, up 6.10 to 669.5 and 4.61% to 1112 respectively. A gloomy outlook for UK electronic retailers has smashed DSG International this morning, it is down 7.6 points, or 5.63%, to 127.3. In New York, Wall Street closed slightly ahead as weak profit reports and low sentiment filtered through. The Dow Jones closed 19.59 points high...
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