FTSE bounces back as Hurricane Rita is downgraded

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In the UK the FTSE 100 Index of leading shares has so far added 5.5 points, or 0.1%, to 5391.20 this morning led by ITV Plc and Enterprise Inns.

ITV, Britain's biggest commercial broadcaster, advanced 1.75p, or 1.6%, to 112.5p. Enterprise Inns, the UK’s biggest pub landlord, climbed 10p, or 1.2%, to 833.5. The company says full-year earnings matched its own forecast. In Japan the markets were closed today as the country observed a public holiday. Meanwhile in the US, the Dow Jones Industrial Average closed 44.02 points higher at 10,422.05 as Hurricane Rita was downgraded from the category 5 to a category 4 storm. Crude oil for November delivery fell $0.20, or 0.3%, to $66.60 a barrel in New York after earlier climbing as muc...

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