UK stocks have reversed some of yesterday's losses, sending the FTSE 100 Index up about 14 points to 4,837.
Insurer Friends Provident and mortgage lender Northern Rock lead with respective gains of 2.75p to 161.50p and 12p to 779.50p. Mobile phone companies, MMO2 and Vodafone are also up 1.75p apiece to 127.75p and 139p. Imperial Tobacco group meanwhile, has shed 39p to 1,411p, while high street chemist Boots, has lost 16p to 643.50p, after its third quarter earnings were at the bottom end of analyst estimates. In the US, the Dow Jones marched 70.79 points higher to 10628.79 points at its close late last night, boosted by good profit earnings reports from major computer brands. Both IBM ...
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