Markets have turned again on Friday morning and stocks are rising for the first time in three days, thanks largely to Sainsbury and accounting software firm Sage Group.
The FTSE 100 index climbed 19.3 points or 0.4% to 4557.3 within the first hour of trading and the FTSE All-Share index rose an equal percentage to 2263. Sainsbury, which is now the UK's third-largest supermarket chain, gained 10.75p or 3.9% to 287.75p while Sage added 3.5p or 2.1% to 168p. Oil firms have also seen their share values rise again as a result of the bombing in Jakarta and its impact on the New York oil price. BP is up 4p or 0.8% to 510p while Shell Transport & Trading has also up by 3.25p or 0.8% to 419.25p. Punch Taverns, the UK's second-largest pub landlord, has a...
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