The FTSE 100 index has ended the day just over the 5,900 mark with a rise of 3.8 points, or 0.06%, to close at 5,900.4 as Carnival and PartyGaming.com led stocks higher.
Cruise operator Carnival led the gains with an increase of 6.37% to £21.72 after it received a “buy” note, while PartyGaming added 4.37% to 113.5p on speculation it is buying up shares in rival company BWIN.
Mining stocks also continued to do well following on from this morning’s gains, with Vedanta up 3.13% to £13.83, while the steel firm Corus gained 3.17% to 407.25p following reports of a bid from Evraz.
However, SABMiller posted the biggest losses with a drop of 2.94% to £10.40, closely followed by Rentokil which slipped 2.57% to 161p after both companies were downgraded by brokers.
Meanwhile, Old Mutual also performed well to complete the list of top five gainers with a rise of 3.5% to 162.75p, although on the downside Morrisons dropped 1.35% to 220p, while Drax group slipped 2.36% to 930p.
In the US, the Dow Jones Industrial Average is up 25.29 points, or 0.22%, to 11,352.41 as better-than-expected results from Hewlett-Packard is helping stave off losses among blue chips.
The computer company is currently leading the gains with a rise of 3.78% to $35.73 after it announced late yesterday it had beaten Wall Street profit estimates, and also revealed it is planning a $6bn share buyback.
Elsewhere declining oil prices are pulling down shares of Exxon Mobil, causing it to fall 0.4% to $67.30, while General Motors is currently the biggest drag on the Dow with a drop of 1.39% to $30.56.
Caterpillar is also performing well with gains of 0.95% to $69.77, while Disney has added 0.77% to $29.97, although drug company Merck is down 1.38% to $40.61, closely followed by Coca-cola which has slipped 0.61% to $44.06.IFAonline
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