FTSE up on Thursday
The FTSE 100 share index rose on Thursday following news that the Bank of England decided to keep interest rates at 5.0 per cent. The index was up 9.8 points to 6,270.8 by the end of the day (up 0.2 per cent).
FTSE up as energy stocks gainBanks fell with Barclays, HBOS, Lloyds TSB, Royal Bank of Scotland and Standard Chartered all down 1.1-2.5 per cent.
Mining firms however saw their share values rise, with Antofagasta up 2.9 per cent, BHP Billiton up 2.9 per cent, Kazakhmys up 10.2 per cent and Lonmin up 6.1 per cent, Eurasian Natural Resources up 5.9 per cent and Xstrata up 1.9 per cent.
Oil companies BP and Royal Dutch Shell fell however.
Consumer goods company Unilever rose 5.4 per cent following good first quarter results. Next also rose 6 per cent and software firm Sage Group increased 7.4 per cent.
Carphone Warehouse was among the losers of the day, falling 3.4 per cent after saying it would sell a 50 per cent stake to US firm Best Buy. Pub-owner Enterprise Inns also fell 2.2 per cent.
- 1 Pensions fall short on life expectancy
- 2 Brown hopes Bank can cut interest rates further
- 3 Costly living could kill Europe's consumer revival
- 4 Study: Employers see drink as No. 1 threat to employee wellbeing
- 5 Investors get much of oil firms' cash windfall
- 6 Russia foreign investors unfazed by rows with West
- 7 Putin in control as Russia names cabinet
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