The FTSE 100 index closed up 16 points at 4,428.90 today after more stocks made gains than losses as new lower prices attracted investors back to the market.
British Airways, a big loser yesterday, rebounded 11p to 280p.
Man Group added 45p to 1,640p after a competitor listed on the Alternative Investment Market and jumped 50% in value on its first day of trading.
Xstrata led the miners up by 10p to 699p as the sector in South Africa faced more risk of strikes by workers who have seen jobs go because of the strong rand.
BG Group dropped 9.25p to 313.5p as weathermen predicted warmer temperatures across Europe in the next few days.
Tobacco, big winner yesterday, dropped as investors exited highly defensive stocks.
Imps dropped 15p to 1,200p, and Gallaher dropped 6.5p to 668.5p.
The FTSE 250 mid-caps index fell 13.9 points to 6,159.4.
Benfield, a specialist reinsurer, fell 10p to 250p even as it reported a big jump in margins and profits on good US business.
Big Food Group, formerly Iceland, fell 5.5p to 146p after the company named Andy Clarke, formerly of retailer Matalan, as the company’s new managing director.
Weir Group, the engineer, gained 25p or 10% to 275p after saying its full-year earnings beat analysts’ expectations.
Celltech, a biotech developer, gained 30p to 430p after speculation the company is about to announce a new partner for making and distributing a drug for arthritis.
Shares in New York have opened up this afternoon.
The Dow Jones Industrial Average index is currently up about 54 points to 10,154, while the broader S&P 500 index is up about 3 points to 1,108.IFAonline
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