The FTSE100 is over 1% higher in mid-morning trading on a fairly volatile opening for many London blue-chip stocks. It is currently 58.40 points (1.1%) ahead to 5378.60.
Building supplies group Wolseley leads the way on rumours it may offload its US operations, up 10.83% to 391.50. TUI Travel has bounced back form the Goldman Sachs downgrade, 8.75% higher to 212.50. Rival Thomas Cook is also doing well, 6.75% ahead to 213.50. Retailer Kingfisher is also among the strong gains, up 7.71% to 132.70. Tullow Oil is struggling after oil fell below $120 a barrel in New York, down 6.19% to 720. Miners are also sluggish once again, with Eurasian 4.81% lower to 950 and Ferrexpo declining 4.19% to 257.25. In New York, a late dive sent Wall Street lower on Monday, ...
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
