The FTSE 100 has ended the day up 33.2 points, or 0.52%, to 6,434.7, as the index just fell short of a new six-year high following a series of positive results.
Associated British Foods remained at the top of the leaderboard with gains of 4.64% to 845p, closely followed by Persimmon which added 3.44% to £14.73, while Old Mutual climbed 3.31% to 187.5p as all three companies produced positive results.
Intercontinental Hotels also ended up 2.2% to £12.52, while Scottish & Southern Energy added 2.02% to 315.18, although property companies dragged on the index with British Land falling 1.3% to £15.94.
However, power group Drax was the biggest faller with a drop of 2.3% to 722.5p, closely followed by insurer Resolution which slipped 1.74% to 648.5p, while Pearson fell 1.5% to 820p, and cruise operator Carnival declined 1.18% to £25.10.
In the US, the Dow Jones Industrial Average is up 3.61 points, or 0.03%, to 12,651.09, despite higher oil prices and a fall in technology stocks.
Merck is posting the biggest gains so far with a rise of 3.73% to $44.54, closely followed by Coca-Cola which is up 1.21% to $47.83, while Exxon Mobil has advanced 1.06% to $76.02.
AT&T is also up 0.95% to $37.35, while Alcoa has added 0.86% to $35.38, although gains are being limited by IBM which is down 0.94% to $96.81, while United Technologies has dropped 0.77% to $67.03.
However, Home Depot is the biggest faller with a drop of 1.25% to $40.45, closely followed by Boeing which has slipped 1.16% to $89.24, while American Express has declined 0.86% to $57.52.
If you have any comments you would like to add to this story or would like to speak to its author about a similar subject, telephone Nyree Stewart on 020 7034 2681 or email [email protected].IFAonline
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