FTSE begins busy week in the black

A string of upbeat corporate announcements today helped the FTSE 100 Index to begin one of the busiest weeks in the trading calendar in the black.

A string of upbeat corporate announcements today helped the FTSE 100 Index to begin one of the busiest weeks in the trading calendar in the black.

Household products maker Reckitt Benckiser was among stocks leading the way in London as confidence in blue-chip firms held firm during the afternoon in spite of an indifferent start to trading on Wall Street.

Reckitt beat expectations on second-quarter profits while positive comments by mobile giant Vodafone and FT owner Pearson stirred investors further.

It meant the Footsie was able to reach a new high for the past three years, closing 28.9 points to the good at 5270.7.

The highest Footsie risers today were BAT up 28p to 1076p, BP rising 16.5p to 642.5p, Reckitt Benckiser up 42p to 1707p and Hilton Group up 6p to 297.75p.

The heaviest fallers were O2 losing 3p to 141.5p, Compass Group down 4.5p to 248p, British Land off 15.5p to 856p and Scottish & Newcastle down 8p to 464.5p.

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