The FTSE 100 index struggled to stay afloat by close of business in London today but kept above the water line thanks mainly to telecoms firms Cable & Wireless and British Airways.
Having earlier in the day made better gains, the FTSE 100 index closed up an extra 3.9 points or 0.08% to 4,847 points, after Vodafone lost some of its earlier momentum.
Cable & Wireless and British Airways both made gains after ratings upgrades from analysts, earning 3p or 2.52% to 122p and 5.75p or 2.3% to 256.25p respectively.
Since then, however, Vodafone has fallen back 0.5p or 0.36% to 139.5p, having risen by at least 1.3% a few hours before.
Rentokil has also gained 3p or 2% to 147.5p while Sainsbury’s added 4p or 1.44% to 281.5p on the back of rumours of a potential part sell-off of the Sainsbury family shareholdings and Capita climbed 7.5p or 2.11% to 362.25p.
In the US, markets have made further gains on yesterday, as the Dow Jones and A&P 500 indices are both up 0.25% so far.
The Nasdaq Composite index has made best returns up to close of business in London, rising 11 points or 0.55% to 2,030 while the Dow Jones is up 26 points to 10.488 and the S&P 500 index has earned 2.8 points to 1,171.IFAonline
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