This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.bbc.co.uk/news/business-39972658
The article has changed 3 times. There is an RSS feed of changes available.
Version 1 | Version 2 |
---|---|
FTSE 100 rebounds and sterling rises | FTSE 100 rebounds and sterling rises |
(about 4 hours later) | |
London's main share index has notched up its fourth straight week of gains. having recovered some of the ground lost in the past two days. | |
At the close on Friday, the FTSE 100 was up 34.29 points at 7,470.71. | |
The FTSE fell on Wednesday and Thursday as markets were hit by the uncertainty surrounding the Trump presidency. | The FTSE fell on Wednesday and Thursday as markets were hit by the uncertainty surrounding the Trump presidency. |
The row over the firing of FBI director James Comey led to growing scepticism about Mr Trump's ability to deliver tax and regulatory reform. | The row over the firing of FBI director James Comey led to growing scepticism about Mr Trump's ability to deliver tax and regulatory reform. |
But the FTSE 100 saw a broad-based recovery on Friday, with software and IT firm Micro Focus International leading the way - up 2.7%. | |
The biggest faller on the index was Smiths Group, down 2.8% after announcing that chief financial officer Chris O'Shea was stepping down. | |
On the currency markets, the pound rebounded back above the $1.30 mark. On Thursday, it had reached an eight-month high of $1.3048 after the release of stronger-than-expected retail sales figures, but fell back in late trade. | On the currency markets, the pound rebounded back above the $1.30 mark. On Thursday, it had reached an eight-month high of $1.3048 after the release of stronger-than-expected retail sales figures, but fell back in late trade. |
However, on Friday it was trading at $1.3029. Against the euro, the pound was down slightly at 1.1643 euros. |