The takeover of Alliance and Leicester this morning fired the FTSE ahead as markets bounced once again, but it dropped back this afternoon, with the index closing at 5300.40, up 38.8 points or 0.78%.
ITV wins today’s gold medal adding 12.53% or 4.8 points. Eurasian claimed silver, up 98 points, an increase of 8.62%. Coming in third, is Rexam, with a gain of 22.5 points or 6.57%. Kazakhmys and Icap also had a good day.
However, Thompson Reuters are today’s biggest losers slipping 40 points or 3.11%. The Carphone Warehouse Group dropped by 2.83 percent, down 5.75 points. The Imperial Tobacco Group also got burnt with a 2.27% loss, falling 39 points. Tullow Oil and Cairn Energy also saw their share price tumble.
Meanwhile, in the US, after a positive start, the Dow Jones is down 0.40% or 44.37points. Gen Motors has fallen 6.05% or 0.6 points while Citigroup has taken a knock, down 4.2% or 0.68 points. The Bank of America, American Express and JP Morgan Chase are also down, making it a bad day for the financials stateside.
However, Coca Cola is up1.21% gaining 0.61 points while Mc Donalds climbs 0.73% or 0.42 points. Proctor and Gamble, Johnson and Johnson and Merck have also seen a positive start.IFAonline
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Think tank report
Number of benefits
Alongside Barrett, Hopkins, Boston and Thorman on 17 October
Shows risk of death