FTSE 100 Index is beginning to pull away from its 5,000 points nemesis, profiting a further 10 points this morning to 5,054.80, led by Wolseley.
The plumbing and heating firm has picked up 24p to £11.62, along with Rentokil Initial, up 2.50p to 159.25p.
Betting firm William Hill is enjoying a good ride on the back of the ongoing Royal Ascot horseracing spectacle, picking up 8p to 548p.
On the losing end, Allied Domecq shed 14p to 678p, after US drinks firm Constellation Brands and its partners dropped its plan to bid for the spirits maker, clearing the way for an agreed $13.7bn offer from Pernod Ricard.
Royal & Sun Alliance Insurance has also lost 1.5p to 82p, after reports Corvus Capital, the takeover vehicle of financier Andrew Regan, abandoned its plans to bid for the firm.
In Tokyo, increasing demand for commodities helped the Nikkei to climb 0.9% to 11,514.03, contributing to the benchmark’s highest weekly gain of the year.
Crude oil futures for July advanced 1.8% to $56.58 a barrel, due to signs of growing global fuel consumption. Oil prices are 46% higher a year on.
Oil exploration firm, Inpex raced 4% higher to 624,000 yen, while steelmaker JFE picked up 4.1% to 2,820 yen.
Copper smelter, Sumitomo Metal Mining climbed 3.4% to 768 yen.
In the US the Dow Jones Industrial Average climbed a further 12.28 points to 10,578.65 points at its close late last night led by Honeywell International.
The technology and manufacturing firm added $0.78 to $38.08, after it agreed to acquire corrosion prevention specialist, InterCorr International.
Financial terms of the deal were not disclosed and the deal is expected to close next month.
Exxon Mobil also advanced $0.87 to $60.12, along with Alcoa, up $0.37 to $27.93, after signing a long-term deal with Airbus, worth $2bn in revenue.
On the other end of the table, General Motors and Boeing both slipped $0.72 to $35.62 and $63.69 respectively.IFAonline
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