FTSE 100 adds 1.1 percent
by Elaine Frei
The equities markets in London saw gains on Thursday, with the FTSE 100 adding 1.1 percent to 5,890 and the FTSE 250 up 0.4 percent to 9,461.6 on a volume of 2.6 billion shares.
Of the total number of shares traded, 93 million belonged to foods manufacturer RHM. The shares, 26.6 percent of the company, were sold at 266p per share. RHM ended the session 2.2 percent higher at 274½p.
In the banking sector, Northern Rock added 2.1 percent to £10.53 after Merrill Lynch advised its clients to buy Northern Rock and to sell Alliance & Leicester after Credit Agricole decided not to offer for A&L. A&L dropped 2.7 percent to £10.55.
Rentokil Initial added 2.7 percent to 159½p on talk that a private equity group has bid 185p per share for the pest control company.
In the tobacco sector, British American Tobacco was up 2.6 percent to £14.16 after the Florida Supreme Court confirmed a lower court ruling that threw out a damage award to $145 billion (£79 billion) against the US tobacco industry. BAT owns 42 percent of US cigarette manufacturer Reynolds American.
Retailer Woolworths added 5.6 percent to 33p as Morgan Stanley began coverage with an “overweight” recommendation and a target share price of 38p.
Discuss this in the Finance Markets forums
Story link: FTSE 100 adds 1.1 percent
Add to Bookmarks:
Related financial stories to: FTSE 100 adds 1.1 percent
- FTSE 100 adds 1.4 percent on session
- FTSE 100 adds 0.7 percent
- London’s FTSE 100 adds 1.14 percent
- Eurofirst adds 0.2 percent on bids news
- Nokia adds 7.4 percent on week
- VW adds 4.3 percent on bids rumors
- Enterprise Inns adds 4.3 percent on session
- Lufthansa adds 1 percent
- Eurofirst adds 1 percent on week
- Nasdaq adds 1.1 percent by noon
Previous: « Oil stocks take Eurofirst higher
Next: New York markets up on data »
Visited 313 times, 1 so far today