FTSE edges closer to 5500 in morning trading

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In the UK FTSE 100 index of leading shares has added 21.10 points, or 0.4% to 5468 sending the benchmark to yet another four-year high in early trading.

Standard Chartered Bank and WPP Group are leading the gain advancing 17p or 1.4%, to 1,207p and 9p, or 1.6%, to 585p respectively. Brewin Dolphin Holdings, a stockbroker and money manager, has added 5.75p or 4.8%, to 126p. Compass Group, the world's largest caterer, has slid 11.75p, or 5.1%, to 221p. The company says Mike Bailey is quitting as chief executive following three earnings revisions in the space of eight months. GCap Media, Britain's largest commercial radio broadcaster, jumped 48p, or 17%, to 325p. The company has raised its forecast for annual cost savings from Capita...

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