FTSE 100 holds firm

FTSE 100 holds firm

Friday 15th May 2009

The FTSE 100 held firm this morning – holding on to yesterday's muted gains.

At 08:43 BST, the index was up 0.18 per cent or 7.97 points to 4,370.55.

Leading the gains was Barclays – up 7.81 per cent after reports it was in a $10 billion deal to sell its asset management arm Barclays Global Investors.

Royal Bank of Scotland rose 5.57 per cent and Lloyds Banking gained 2.73 per cent.

Technology group Invensys rebounded up 4.46 per cent and Experian gained 2.90 per cent.

Leading the drops – after strong recent performance – silver miner Fresnillo was down 2.93 per cent.

Product testing group Interek dropped 2.56 per cent – despite reporting seven per cent organic revenue growth, with exchange rates pushing revenue up 42 per cent.

Land Securities was down 2.55 per cent and Autonomy fell 1.58 per cent.

Last night in the US the Dow Jones was up 0.56 per cent, while Chicago's S&P 500 gained 1.04 per cent – despite rising US jobless figures.

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