The FTSE 100 Index rose 0.25% to 5,872 points today as WM Morrison rallied on positive broker comment and Wall Street surged higher following upbeat inflation data.
Troubled supermarket group WM Morrison was the top performer as UBS upgraded the shares to "buy" from "neutral" and raised its price target to 240p from 191p. Its shares rose 6.85% to 210.50p. Investment firm 3i gained 6.07% to 970.50p on the back of speculation it recently rejected a £6bn bid approach from a European rival. Miner Anglo American was in positive territory after lifting 2005 earnings by 39% to $3.7bn and increasing the size of a planned capital return to $1.5bn from $1bn. Anglo is also selling part of its stake in AngloGold Ashanti and demerging Monti. Its shares were 2.6...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
