The FTSE 100 jumped 9.01 points (0.21%) in early trading, rising to 4203.92 by 8.20 this morning.
The movements were driven by a mixed bag of business, all buoyed by the British Chambers of Commerce's (BCC) belief the worst of the UK recession is over. Based on a survey of 5,600 companies, the BCC found there has been "welcome progress" in confidence levels between April and June, although it warns talk of recovery is premature. Pharmaceutical firm Shire leads the pack, gaining 2.69% to 860p. Kazakhamys has added 2.54% to 606.5p, while Vedanta Resources is up 1.92% to £13.25. Conversely, Randgold Resources has fallen 1.71% to £37.39p. Home improvement businesses Wolseley ...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
