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FTSE higher after Wall Street rally | FTSE higher after Wall Street rally |
(about 5 hours later) | |
(Close): London's leading shares edged higher on Wednesday in the market's last session before Christmas. | |
When the truncated session ended at lunchtime, the FTSE 100 index was up 11.75 points or 0.18% at 6,609.93. | |
Trading was thin but investors took heart from Tuesday's rally on Wall Street following unexpectedly strong US growth figures. | Trading was thin but investors took heart from Tuesday's rally on Wall Street following unexpectedly strong US growth figures. |
Medical equipment firm Smith & Nephew added 7.7% on reports that US rival Stryker was planning a takeover bid. | |
On the currency markets, the pound rose 0.08% against the dollar to $1.5535 and fell 0.1% against the euro to €1.2737. | |
It was the seventh day in a row that the FTSE 100 ended the session in positive territory. | |
The London market is closed on Christmas Day and Boxing Day and will reopen on Monday. |
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