The FTSE opened sharply higher today at 5329.29, up 51.07 (0.97%), following a slight recovery on Wall Street after disastrous early trading yesterday.
The biggest winner was Serco, trading at £54.80 up 27 points (5.18%) on the back of strong sales figures. The outsourcing firm announced today its 2009 net income rose to £130.2m up from £99.6m a year ago, with sales rising 27.1% to £3.97bn. Elsewhere Rio Tinto climbed to £33.18 up 67.50 (2.08%) helped by rebounding metals prices on commodity exchanges, following heavy losses on Thursday. Lloyds Banking Group was the biggest loser trading at 53p down 1.09 points (1.99%) after reporting an operating loss of £6.3bn for 2009. The Dow Jones ended trading only 0.5% below opening level o...
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