News

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Footsie edges up on signs of recovery buying

Yesterday’s gentle rallies have followed through this morning with signs of buying in the bank sector after the recent very sharp falls. Bradford & Bingley is for a change a big mover after it turned down an offer from Resolution last night to replace the cash injection agreed from US group TPG.

Decent rebound rally at open in London

After Friday’s big falls around the world, value buyers appeared this morning with one or two shorts also closing positions in London. The FTSE 100 index was up 50 points at its best but had pulled back a little mid-morning.

Another mixed session as banks fall back again

Shares in London began well after the gains seen at the close in New York yesterday and the main winners were housebuilders after recent falls and transport stocks rising on the dip in crude prices.

Footsie struggles for direction as more financial reports some through

Although the FTSE 100 index opened higher today, there has been some fair two-way action and by mid-morning the index was virtually unchanged and still looking shaky after yesterday’s big drop.