FTSE casts eye on 5,400

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In the UK the FTSE 100 Index is stalking the 5,400 mark, collecting a further 20 points to 5363.70 at its close a short while ago.

Natural gas firm, BG Group leads the gains adding 15p to 514.5p, amidst a takeover speculation. Imperial Tobacco Group has picked up 39p to 1485p. UK bank Standard Chartered continues to climb, profiting 29p to 1240p, as analysts upgraded its stock rating on the back of strong results. Water Group Severn Trent meanwhile leads the drop, down 24p to 956p, after analysts played down the utilities sector, following a ‘strong run’. As a result Water and waste management firm Kelda, has also dropped 12p to 676.5p. Brewer, Scottish & Newcastle has declined 9p to 458.75p. In the US the D...

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