FTSE 100 up after rocky week
Friday 30th January 2009, 9:42AM GMT.
After an initial drop the FTSE 100 was up in morning trading, following yesterday’s losses.
At 9:07 GMT, the index was up 29.66 points or 0.71 per cent to 4,219.77 – after a week of on/off rises and falls as confidence ebbed and flowed.
Last night in New York, the Dow Jones was down 2.70 per cent to 8,149.01 – as banks and carmakers led losses and gains were few and far between.
However, leading the charge in London were the banks.
Royal Bank of Scotland rose 9.52 per cent to 23p, while Lloyds Banking gained 8.76 per cent to 96.80p.
Builders merchant Wolseley was up 7.49 per cent, Land Securities rose 6.79 per cent and miner Rio Tinto gained 6.06 per cent.
TUI Travel and Thomas Cook were down 3.03 per cent and 2.55 per cent – over concerns about how the travel industry will hold up over 2009.
Royal Dutch Shell A was down 2.11 per cent after yesterday’s gains.
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