Moderate early gains for FTSE

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For the second day in succession the FTSE made moderate early gains, going up 0.12% to 6416.

Closed life fund consolidator, Resolution, was up 4.41% to 651p, closely followed by Morrison Supermarkets, up 3.59% to 310.5p. British Land Companies also made some early gains, going up 3.47% to 51p. However, these gains were offset by losses by the TSB Group, which fell 3.64% to 543p, and British American Tobacco, which fell 2.18% to £15.29. The Royal Bank of Scotland Group was also down, by 2.13% to £21.13. In the US, the Dow Jones closed having made considerable gains. The index closed up 1.3% to 12207.59. These gains were hugely helped by good days for the Altria Group, up 2.69% ...

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