The FTSE 100 has ended the session up 30.5 points, or 0.48%, to 6,449.2, as positive broker comment, healthy gains among the miners and an early recovery in the US pushed the index higher.
International Power posted the biggest gains with a rise of 3.28% to 440.25p, closely followed by Punch Taverns which added 2.68% to £13.04, while Home Retail climbed 2.52% to 457.25p.
Detica Group added 2.52% to 387p, while Cable & Wireless advanced 2.43% to 185.6p, although gains were limited by BAE Systems which ended the session down 0.65% to 457p.
Scottish & Newcastle was the biggest loser with a fall of 1.28% to 617p, closely followed by Shire which dropped 1.02% to £11.70, while Smiths Group declined 0.73% to £10.85, and Lonmin fell 0.69% to £33.11.
In the US, the Dow Jones Industrial Average is up 26.9 points, or 0.21%, to 13,147.84, following a report which revealed a higher than expected rise in personal income to 0.7%.
Procter and Gamble is posting the biggest gains with a rise of 2.06% to $64.28, closely followed by General Motors which has advanced 1.39% to $32, while 3M Company has added 1.13% to $82.47.
AT&T has climbed 0.96% to $39.01, while IBM has advanced 0.87% to $102.05, although gains are being limited by American Express which has slipped 0.79% to $61.65.
Boeing is the biggest loser with a fall of 0.87% to $93.20, closely followed by McDonald’s which has dropped 0.84% to $48.54, while drug company Merck has slipped 0.77% to $51.46, and Intel has fallen 0.55% to $21.76.
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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