FTSE 100 climbs after falls
Monday 7th July 2008, 10:05AM BST.
The FTSE 100 rose in early trading this morning – up 0.27 per cent – after last week’s losses.
At 9:27 BST the index stood at 5,427.40 – losing some initial opening gains.
Carphone Warehouse led the rises – up 5.42 per cent to 188.70p – followed by Invensys and Amec, up 3.23 per cent and 3.16 per cent respectively.
Amec rose after Citigroup upgraded the stock to ‘buy” from ‘hold’, declaring management targets as being too cautious.
Intercontinental Hotels rose 2.36 per cent and Rolls Royce group climbed 2.23 per cent.
Meanwhile, Royal Bank of Scotland led the losers, falling 4.39 per cent.
Marks & Spencer – following last week’s falls – was down 3.41 per cent, while miners Rio Tinto and BHP Billiton fell 2.96 per cent and 2.1 per cent respectively.
Wolseley dropped 2.08 per cent – as confidence in construction waned further.
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