Despite warnings of a slump in house prices from the Bank of England and new inflation figures published by the government, investors have pushed the FTSE up about 11 points to 4,444.
William Hill, the betting shop operator, rebounded 7.75p to 527.75p after investors reconsidered the downside risk of rumoured changes to government policy on allowing wider access to gambling
Daily Mail & General Trust is up 6.5p to 684.5p.
British Airways is up 3.75p to 255.5p after reports suggested travel may be picking up across Europe, helping offset fears BA profits may be hurt by rising oil prices.
BP is up 1.25p to 479.25p.
HBOS, one of the UK’s biggest lenders, is down 4.5p to 709.5p after warnings interest rates may be headed higher than the market expects.
Overnight, the Dow Jones Industrial Average index fell 75.37 points to close at 10,334.73. The broader S&P 500 index dropped 11.18 points to 1,125.29.
The Nikkei 225 index in Tokyo dropped 103.96 points to 11,387.70.IFAonline
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