The FTSE 100 rose 0.5% to 5,757.22 in early trading, despite negative company announcements across various sectors.
News BA has made a new proposal to cabin crew in a bid to resolve a year-long dispute involving extended strikes, sending its shares up 3.4% to 287.5p. InterContinental Hotels Group also rose, by 2.7% to £12.03. Among the losers, Tullow Oil declined 3.5% to £12.09 on news its well on Ghana's coastline had hit problems. BAE Systems fell 0.5% to 348p after forecasting reduced growth this year as the government is expected to cut defence spending. TUI Travel's share price fell dramatically, dropping 6.6% to 215.3p after it said it had to restate its results for 2008/2009. In the...
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