In London, shares climbed as parts of the banking sector recovered and the FTSE 100 was up 36.1 points, or 0.56%, to 6,433.
News of a takeover offer boosted Northern Rock share’s, up 18.9 points, or 11.59%, to 182p, followed by Invesco, which added 35 points, or 5.55%, to 666p. HBOS climbed 42.5 points, or 5.12%, to 873p, ICAP gained 21.75 points, or 4.38%, to 518.5p and British Land added 40 points, or 3.49%, to £11.85. DSG International made the biggest losses, down 5 points, or 3.71%, to 129.9p, Carphone Warehouse lost 7.5 points, or 2.1%, to 350.25p and Experian fell 11 points, or 2.09%, to 515p. On Wall Street, trading was up on hopes poor manufacturing results would prompt a further cut in interest rate...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes