The FTSE 100 closed the day with a strong performance to start the week alongside the US Nasdaq Composite, but the FTSE was still down on Monday's earlier 2 ½ year high.
By close of business in London, the UK’s benchmark FTSE 100 index added 19.5 points or 0.4% to 4852 thanks to improved stock performances for British Airways and Woolworths.
The FTSE had touched 4,866 points this morning after the price of crude oil fell again, boosting profit potential for British Airways and lifting its share price 2.2% to 265.75p and budget rival Easyjet to 220p.
High street retailer Woolworths – which is not listed on the FTSE 100 but influenced trading for other retail outlets – also closed up a massive 22% to 49.5p.
And Jarvis, the construction engineer which handles London Underground maintenance contracts – also saw its share price leap 18% or 4.9p to 32.65p after announcing it had secured new credit lines to manage the debt which is now worth four time its market value, along with 14 additional contracts for 14 new construction projects.
In the US, the Nasdaq (tech stocks) index has so far seen the best performance of the day as the index is up almost 26 points or 1.28% to 2,061 after Asian digital camera maker Canon revealed it expects to see profits climb for the sixth consecutive year in a row. Most technology firms have fared well on the back of such positive news.
The Dow Jones index also rose almost 72 points or 0.7% to just under 10.500 by close of London trading and the S&P 500 index is u 9.75 points or 0.83% to 1,181.IFAonline
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