The FTSE 100 Index gave back early gains through the day, having hit a new five-year high at the start, closing up 1 point, or 0.02%, at 6,045 points as the Bank of England kept rates on hold at 4.5%.
PartyGaming rallied 10.23% to 142.75p as an attempt to ban online gaming in the US was met with a lack of support from US politicians. The mining sector extended yesterday’s gains as metal prices continued to boom and gold hit a five-year high. Rio Tinto rose 0.29% to 3,144p and Xstrata gained 1.96% to 2,027p. A Deutsche Bank "buy" tip took Corus's shares up 2.59% to 89.25p. But British Airways lost initial gains, despite a Citigroup price target hike to 425p from 400p, falling 1.82% to 350p. Scottish & Newcastle also fell back after yesterday's strong run, declining 0.37% to 542p, ...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes