United Utilities help FTSE 100 bounce back

Thursday 21st January 2010

The FTSE 100 bounced back from yesterday's worst performance in a month to start Thursday in positive fashion this morning.

At 09:47 GMT the London index stood at 5,435.34, a rise of 14.54 points, or 0.27 per cent.

Leading the gains was United Utilities Group, which rose 4.03 per cent to 529p, after the water firm announced it will cut dividends in the next financial year by only 12.5 per cent, considerably less than originally predicted.

Also performing well in the first hour of trading were Tullow Oil, up 2.64 per cent, and British Airways, up 2.47 per cent.

Anglo American suffered the biggest loss at the start of Thursday, dropping 2.15 per cent, with Land Securities Group also falling 1.85 per cent to 664p. ADNFCR-1783-ID-19569576-ADNFCR

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