Investors cautious on FTSE 100
Thursday 11th June 2009, 5:45PM BST.
The FTSE 100 rose just 0.57 per cent to 4,461.87 as investors adopt a cautious position.
Despite the pound surging ahead against the euro and the dollar, and more positive economic newsflow, the UK’s leading share index failed to move either way as investors take a ‘wait and see’ attitude.
Barclays was one of the winners on the index, up 5.55 per cent ahead of an expected sale of its fund management business, while Invensys has also benefited from an upgrade from Goldman Sachs.
Shares in the engineering firm were up by 5.46 per cent by the end of trade.
But news that swine flu has become a pandemic hit shares in cruise liner Carnival again and shares in the firm fell by 2.44 per cent.
In the US, the Dow Jones has also made cautious gains, and was up by 0.71 per cent in early trading, while the S&P 500 rose by 0.91 per cent.
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