FTSE thrives on commodities
Oil and coal stocks have helped the FTSE gain about 11 points to 4,401 so far this morning, boosted by news from the Continent manufacturing output in January grew at its fastest rate in three years, despite the appreciation of the euro against the dollar.
Shell is up 2.25p to 364.25p, despite news that its corporate bonds could lose their 'AAA' status because the company cannot count its proven reserves properly.
BP is up 3p to 431.25p.
Xstrata is up 0.5p to 670.5p despite a cut to 'sell' from 'hold' by analysts at Citigroup. Cold weather in Europe is keeping coal prices high.
Reuters is up 6.25p to 326.25p, continuing the run that has seen its share price more than triple since last year's low.
ITV, the new company formed by the merger of Granada and Carlton Communications, started trading at 144.5p.
BAE Systems is up 2.75p to 167.25p after weekend press reports that National Grid Transco chairman John Parker will not be seeking to run both companies at the same time.
Nationa Grid Transco shares are up 3p to 395p.
Rio Tinto fell 8p to 1,452p, however, despite reporting strong first-half earnings from sales of metal ores to China.
British Airways has slumped 6.25p to 298.75p after weekend flights to the US were cancelled because of security fears.
Vodafone is down 2.25p to 135.25p after the company's decision to increase its stake in Greece-based Panafon led to more speculation it will dent its books with a bid for US operator AT&T Wireless.
The FTSE 250 is up about 14 points to 6,038, also on oil news.
Cairn Energy is up another 90p to 695p after announcing the amount of oil it expects to pump out of its newly discovered Indian reserves.
Invensys is up 2.75p to 24.75p on speculation it will issue new shares to pay off debt.
Securicor is up 3.5p to 115.5p on news of its possible merger with Danish competitor Group 4.
Egg is down 5.75p to 181.25p on news it is having to spend money to retain staff ahead of its sale by current parent Prudential.
Overseas, Asian stock markets have been down this morning after further cases of bird flu came to light over the weekend.
Tokyo's Nikkei 225 index dropped 6.88 points to 10,776.73, while Hong Kong's Hang Seng index is off by 289.39 to 12,999.98.IFAonline
BP is up 3p to 431.25p.
Xstrata is up 0.5p to 670.5p despite a cut to 'sell' from 'hold' by analysts at Citigroup. Cold weather in Europe is keeping coal prices high.
Reuters is up 6.25p to 326.25p, continuing the run that has seen its share price more than triple since last year's low.
ITV, the new company formed by the merger of Granada and Carlton Communications, started trading at 144.5p.
BAE Systems is up 2.75p to 167.25p after weekend press reports that National Grid Transco chairman John Parker will not be seeking to run both companies at the same time.
Nationa Grid Transco shares are up 3p to 395p.
Rio Tinto fell 8p to 1,452p, however, despite reporting strong first-half earnings from sales of metal ores to China.
British Airways has slumped 6.25p to 298.75p after weekend flights to the US were cancelled because of security fears.
Vodafone is down 2.25p to 135.25p after the company's decision to increase its stake in Greece-based Panafon led to more speculation it will dent its books with a bid for US operator AT&T Wireless.
The FTSE 250 is up about 14 points to 6,038, also on oil news.
Cairn Energy is up another 90p to 695p after announcing the amount of oil it expects to pump out of its newly discovered Indian reserves.
Invensys is up 2.75p to 24.75p on speculation it will issue new shares to pay off debt.
Securicor is up 3.5p to 115.5p on news of its possible merger with Danish competitor Group 4.
Egg is down 5.75p to 181.25p on news it is having to spend money to retain staff ahead of its sale by current parent Prudential.
Overseas, Asian stock markets have been down this morning after further cases of bird flu came to light over the weekend.
Tokyo's Nikkei 225 index dropped 6.88 points to 10,776.73, while Hong Kong's Hang Seng index is off by 289.39 to 12,999.98.IFAonline
More news
AIG Life pays 99% life claims
And 94% for critical illness
Former Cazenove Capital CIO Jeffrey joins Kingswood
Part of investment committee restructure
IA launches communication guide in response to FCA criticism
Follows Asset Management Market Study
Schroders and Lloyds unveil financial planning business
To open in second half of 2019
How online 'nudges' are encouraging women to invest
Regular reminders and updates
Back to Top
Most read
