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London Market Report | London Market Report |
(35 minutes later) | |
(Noon): Royal Mail was among the biggest fallers on the stock markets in Wednesday trading after it emerged that its French subsidiary, GLS, is facing an anti-trust inquiry. | |
By lunchtime, its shares were down 0.8% on news of a competition inquiry which could result in a "material" fine. | By lunchtime, its shares were down 0.8% on news of a competition inquiry which could result in a "material" fine. |
Overall, the FTSE 100 index was up 66.35 points, or 0.97%, at 6,775.80. | Overall, the FTSE 100 index was up 66.35 points, or 0.97%, at 6,775.80. |
Biggest riser was aerospace engineer Meggitt, up 9.1% on rumours of a possible takeover bid. | Biggest riser was aerospace engineer Meggitt, up 9.1% on rumours of a possible takeover bid. |
On the currency markets, the pound was down 0.11% against the dollar at $1.7124, but it was 0.12% higher against the euro at 1.2651 euros. | On the currency markets, the pound was down 0.11% against the dollar at $1.7124, but it was 0.12% higher against the euro at 1.2651 euros. |