FTSE 100 bounces back
FTSE 100 bounces back
Friday 27th November 2009
The FTSE 100 ended Friday up slightly after dropping 1.5 per cent on opening on the back of uncertainty over the economic stability of Dubai.At the close of play the London index reached 5,245.73, a rise of 51.60 points, 0.99 per cent.
Markets around the world initially slumped on the news the state-owned Dubai World would delay debt payments.
However, a better-than-feared reaction to the news on Wall Street on Friday afternoon helped bolster a recovery on the FTSE100.
The mining sector helped push the London index up, with Royal Bank of Scotland leading the gains, up 5.24 per cent
Thomas Cook also recorded significant gains on the back of expectations over next week's full-year report.
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