FTSE 100 jumps 2.4% after Christmas
FTSE 100 jumps 2.4% after Christmas
Monday 29th December 2008
London opened surprisingly up this morning, as markets shook back to life after Christmas.At 8:43 GMT, the FTSE 100 was up 2.40 per cent – or 101.35 points – to 4,317.94.
Commodity stocks pushed the market forward, but South African insurer Old Mutual led the gains, up 6.40 per cent.
Rio Tinto rose 6.18 per cent, Anglo American climbed 5.42 per cent and Royal Dutch Shell A was up 4.95 per cent.
Legal & General rose 5.11 per cent.
Standard Life was down 3.22 per cent, while property giants Hammerson and Liberty International were up 2.51 per cent and 2.20 per cent respectively.
AMEC rose 2.15 per cent and Friends Provident rose 1.90 per cent.
Overnight in Asia, the Hang Seng rose 1.02 per cent and the Nikkei was up 0.09 per cent.
In Europe, the Cac 40 was up 1.63 per cent, while the Dax gained 1.58 per cent.
Related News
Retailers predict gloomy Christmas results - 26/12/08
The director general of the British Retail Consortium (BRC) has admitted that early indications show this year's Christmas trading results "won't be pretty"
The director general of the British Retail Consortium (BRC) has admitted that early indications show this year's Christmas trading results "won't be pretty"
Stores go for broke on Christmas Eve sales push - 24/12/08
Some 90 per cent of stores are cutting prices today in a last ditch effort to get shoppers spending before Christmas Day
Some 90 per cent of stores are cutting prices today in a last ditch effort to get shoppers spending before Christmas Day
Zavvi calls administrators as 3,000 jobs at risk - 24/12/08
CD and DVD retailer Zavvi is going into administration
CD and DVD retailer Zavvi is going into administration
News Article Search
Quick Apply
News Archive