After a topsy-turvy day the FTSE has ended on a high moving up 30.60 points, or 0.59% to close at 5213.40 after reports of good GDP growth in the US gave a last minute boost to the index.
GlaxoSmithKline was one of the top movers jumping 36p, or 2.51%, to 1473p, after anaylsts upgraded the drug giant to 'buy' from 'neutral' in the wake of yesterdays hike to earnings guidance. Royal Dutch Shell also put on a strong performance, soaring 1.01% to 1809p, as JP Morgan rated the shares “overweight” raising hopes that the oil major may surprise with buybacks in 2006. But not everyone was a winner as Cairn Energy racked up big losses, falling 1.01% to 1673p, after production was stopped at the Sangu Bangladesh offshore gas field that it operates. Elsewhere Cadbury Schweppes...
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