FTSE holds to close week up

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Investors retained faith in the UK's biggest companies this week, sending the FTSE 100 index up 13.60 points to 4,482.30 by the close to register a an 18 points rise on the close one week ago.

Rolls Royce gained 10.75p to 231p as investors bought into the long-term gains from a deal to supply Boeing with engines for a new line of passenger aircraft. Dixons climbed 6.25p to 152.25p. Tesco added 9.75p to 250.75p. Marks & Spencer dropped 9p to 274.25p on fears of poor sales figures to be reported next week. The FTSE 250 index climbed 11.9 points to 6,335. Eurotunnel closed down more than 10% or 4.25p at 34.5p as investors mulled over the change of board instigated by rebel shareholders looking to renegotiate the firm’s massive debt load. IFAonline

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