The FTSE 100 has ended the session up 36.5 points, or 0.59%, to 6,256.8, following Gordon Brown's 11th Budget statement, which seemed to be welcomed by investors.
Property company Hammerson was the biggest riser with gains of 4.77% to £17.34, following bid speculation, while British Airways climbed 3.28% to 519.5p, and Yell Group advanced 3.07% to 588p.
Land Securities also climbed 2.68% to £21.81, closely followed by BSkyB which ended up 2.53% to 568p, although gains were limited by Sainsbury which dropped 1.08% to 550p, while Whitbread led the losers with a fall of 3.62% to 318.64.
However financials were among the biggest losers as Bradford & Bingley dropped 2.55% to 449.5p, closely followed by HSBC Holdings which fell 1.89% to 881p, while Alliance & Leicester declined 0.7% to £11.43.
In the US the Dow Jones Industrial Average is down 8.41 points, or 0.07%, to 12,279.69, ahead of the latest interest rate decision by the Federal Reserve.
Alcoa is the biggest loser with a fall of 1.35% to $33.61, closely followed by Johnson & Johnson which is down 0.8% to $60.58, while Pfizer has slipped 0.77% to $25.34, and American Express has dropped 0.69% to $55.87.
Boeing is down 0.69% to $89.54, although losses are being limited by United Technologies which is up 0.55% to $65.60, while JP Morgan Chase has advanced 0.57% to $48.02.
However AT&T is posing the biggest gains with a rise of 1.63% to $38.53, closely followed by heavy equipment maker Caterpillar which has added 0.89% to $65.44, while Disney has climbed 0.76% to $34.64.
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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