FTSE 100 up 1.3% in early trade

Wednesday 10th June 2009

The FTSE 100 rose 1.3 per cent by 08:00 BST to 4,462.25 despite a Tube strike promising transport chaos for London.

Shares in Thomas Cook soared by 10.04 per cent after the travel firm reassured customers and investors that it is business as usual in the wake of the collapse of major shareholder Arcandor.

Engineering group Balfour Beatty also continued yesterday's rally, rising 4.32 per cent in early trading, while Home Retail Group rose by 4.13 per cent and Tullow Oil was up by 3.96 per cent.

Only a few stocks were in the red, including Immarsat, down by 0.75 per cent, and Johnson Matthey, down by 0.65 per cent.

In the US, the Dow Jones finished flat last night, down by 0.02 per cent, reflecting the FTSE 100, while the S&P 500 ended 0.35 per cent higher. ADNFCR-1783-ID-19211124-ADNFCR

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