Northern Rock led the FTSE higher, up by 0.09% to 6730.70, at the close of the week on news a consortium led by Richard Branson's Virgin planned to make a bid for the firm.
Shares in the crisis-ridden bank rose 5.91% to 273.25 while Resolution also had a strong day’s trading as the Office of Fair Trading rubber stamped its merger deal with Friends Provident.
House builders were among the day’s biggest losers with Barratt Developments down 3.19% and Taylor Wimpey falling 3.27%.
The US market had a strong start with the Dow Jones up 40 points to 14,055 and the S&P500 rising 5 points to 1,559.
Buyers of US stocks were buoyed by better than expected retail sales data and a weaker than expected inflation forecast. McDonald’s was amongst the winners as it predicted Q3 earnings would beat analysts’ predictions while General Motors was leader of the pack up 3.88%.
2019 Survey opens in June
'Necessary steps' taken
Penalty payments and enforcement policy
Fees as low as 0.04%
Client procurement costs ‘unsustainable’