FTSE 100 ends week's trading on a high
FTSE 100 ends week's trading on a high
Friday 29th January 2010
The FTSE closed up on Friday evening by 48.18 points, or nearly one per cent.The leading share index closed at 5,230.16 and at 16.35 GMT the biggest gains of the day had been made by Xstrata, which led the way at 3.53 per cent.
Whitbread, Amec, Rentokil Initial, and HSBC Holdings were the next four leaders as the markets closed for the weekend.
Severn Trent finished the day as the stock exchanges worst loser falling 0.35 per cent. British Land Co fell 0.36 and Land Securities Group slipped 0.39 per cent.
US stock indexes also rose sharply today in response to news that the US economy had grown by 5.7 per cent in the fourth quarter of last year. The Dow Jones gained 74 points on Friday and the Nasdaq futures market was up 15.25 points.
The news of the US economic growth follows another piece of good for the markets. On Thursday the US Senate confirmed Ben Bernanke would see out a second term as chairman of the US Federal Reserve. Uncertainty over the matter had put the markets off kilter over the past week.
Related News
Bernanke wins second term as Fed chairman - 29/01/10
Ben Bernanke has won a second term as chairman of the US Federal Reserve, but by the narrowest margin seen in decades
Ben Bernanke has won a second term as chairman of the US Federal Reserve, but by the narrowest margin seen in decades
Weak US data causes FTSE 100 to slump - 28/01/10
The FTSE 100 slumped significantly in afternoon trading after weak economic data raised further concern over the pace of recovery in the US economy
The FTSE 100 slumped significantly in afternoon trading after weak economic data raised further concern over the pace of recovery in the US economy
Toyota cut jobs and recalls 1.1m cars in US - 28/01/10
Toyota has announced 750 jobs could be lost at one of its UK plants this summer
Toyota has announced 750 jobs could be lost at one of its UK plants this summer
News Article Search
Quick Apply
News Archive