FTSE stays above 6,000

Plans by water supplier Severn Trent to spin off its Biffa waste management business kept the FTSE 100 Index above the 6000 mark today.

FTSE stays above 6,000
Tue, 04 Apr, 2006 - 18:24

Plans by water supplier Severn Trent to spin off its Biffa waste management business kept the FTSE 100 Index above the 6000 mark today.

Shares in Severn Trent rose 6% or 71p to 1197p as investors took the decision to demerge Biffa as a sign that the company was getting back to basics following a recent rocky run.

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