London's FTSE 100 trades higher

Jessica TranterLast Update : Monday 9 May 2016 - 11:13 AM
London's FTSE 100 trades higher

London’s FTSE 100 trades higher

London stock brokers (file photo)Image copyright AFP

(Open): London’s main share index is higher in early trading with the airline Easyjet among the best performers after a broker upgrade.

The FTSE 100 was up 0.13%, or 7.69 points, at 6,133.39.

Shares in Easyjet were up more than 2% after Royal Bank of Scotland changed its rating on the company from underperform to outperform.

Outside the main index, shares in security firm G4S were up more than 5% after it reported a rise in revenues.

G4S, the world’s biggest security firm, reported a 4.5% rise in revenues in the first quarter to £1.5bn after it continued to wind down loss-making contracts.

On the currency markets, the pound lost 0.28% against the dollar to $1.4387 and was down 0.18% against the euro to €1.2633.

Source: BBC Business

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2016-05-09 2016-05-09
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Jessica Tranter