The FTSE 100 ended the session slightly higher with a gain of 2.9 points, or 0.04%, to 6,558.4, as earlier losses were offset by a strong start to Wall Street.
Enterprise Inns posted the biggest gains with a rise of 5.85% to 769.5p, as it announced it was looking at ways to convert to REIT status, while Punch Taverns climbed 3.05% to £13.84.
Hanson added 4.73% to £11.07 on news it has recommended an offer by HeidelbergCement, while Reuters climbed 3.39% to 626p, as Thomson confirmed it had agreed a deal to buy the firm.
Vedanta Resources was also up 2.05% to £13.95, although rival miner Rio Tinto declined 1.28% to £34.80, while Scottish & Southern Energy also dropped 1.04% to £15.25.
However, Centrica was the biggest loser with a fall of 1.53% to 387.25, closely followed by Unilever which slipped 1.34% to £16.16, while Friends Provident declined 1.2% to 205.75p.
In the US, the Dow Jones Industrial Average is up 112.15 points, or 0.84%, to 13,458.93 in early trading, as the latest inflation data has reignited hopes of a cut in interest rates.
General Motors is posting the biggest gains with a rise of 3.95% to $31.83, closely followed by McDonald’s which is up 2.14% to $51.72, while Alcoa has added 1.93% to $39.09.
3M Company has gained 1.8% to $86.36, while Boeing has advanced 1.75% to $95.20, although gains are being limited by American International Group which is down 0.26% to $72.28.
Johnson & Johnson is the biggest loser with a fall of 0.72% to $52.16, closely followed by Home Depot which is down 0.33% to $38.88, while Wal-Mart has slipped 0.31% to $47.69, and Pfizer has declined 0.18% to $27.18.
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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