(MENAFN- ProactiveInvestors) London’s FTSE 100 climbed above the 6500 mark as US stocks raced ahead again.
Indications that the US Federal Reserve is in no hurry to raise interest rates saw the Dow Jones Industrial Average index deliver its biggest one day gain in three years.
Overall FTSE 100 was 45 points higher at 6511 – a rise of 0.7%.
Advertising agency WPP () rose to the top up 35p to 1336p.
Yesterday the firm acquired digital agency Clarus Digital in a bid to expand its presence in Latin America.
owner IAG () moved higher despite Irish carrier Aer Lingus rejecting its takeover offer.
Yesterday’s strong retail figures for November kept supermarkets and high street brands in the blue.
Oil slipped close to its recent lows with Brent crude at US$59 and oil stocks were the main losers early on. () lost 6p to 390p and () lost 3% of its value to prop up the UK share gauge.
Utility group () moved lower despite an update which said two of its gas-fired power plants had been successful in Britain's first capacity market auction.
Mid-capper Serco () said City of London police had found no evidence that staff had misleadingly recorded prisoners as ready for court when they were not. That didn’t stop shares dropping 4%.
AIM-listed Fitbug () soared 32% as it unveiled new contracts from Amazon Best Buy.com and Target for its Fitbug Orb wearable device and coaching plan Kiqplan.
() has struck an agreement which reduces outstanding payments for past drilling costs for the operated Welwitschia well offshore Namibia. Shares rose 8%.
United Carpets () was 5% higher after it posted a rise in operating profit in the six months to September. The group said it was helped by an improving housing market and higher transaction values.
At the other end Nature Group () lost 30% of its value after its chief executive said the firm has seen only a marginal improvement in trading across all divisions.
() lost 28% after it said negotiations with distributors for the US and Irish markets have been placed on hold for the time being while it reviews its marketing and financing plans.
Eg Solutions chairman Duncan McIntyre has bought 127389 shares in the company at a price of 65p. The director now holds 527389 shares.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.