Analysts upgrade for a handful of stocks on the FTSE 100 dominated trading on an otherwise uneventful day, to lift the FTSE 100 index by seven points or 0.1% to almost 6,318.
BP, the oil giant, BT Group and Johnson Matthey saw the best gains of the day after receiving “buy” ratings from Goldman Sachs and UBS. As a result, BP closed the day up 6.5p or 1.2% to 541.5p while BT group rose 6.75p or 2.18% to 315.75p and Johnson Matthey, the catalyst maker, continued the day’s rally to rise 91p or 6% to 158.3p. At the same time, money manager Man Group saw strong gains of 11.5p or 4.39% to 570.75p while medical producer Smith and Nephew added 11.5p or 1.97% to 596p. Moving in the other direction, however, Marks & Spencer fell 11p or 1.5% to 706.5p and GlaxoSmithKlin...
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