FTSE closes above the 6000 level - Market Update, 5th ...

2011-07-05 8

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brings you the key activity shaping the markets on 5th July. Headlines include:

• With the US closed yesterday due to Independence Day, a quiet trading day saw the FTSE gain a further 27 points to 6017, closing above the 6000 level for the first time in over six weeks.

• Despite the S&P warning that the Greek debt deal would still amount to a default, the FTSE is in positive territory today, up 8 points to 6025.

• Leading the FTSE so far today is Reckitt Benckiser, up 1.8%, with continued bid rumours from Proctor and Gamble.

• Schroder’s is up 1.75% despite a price cut from UBS.

• On the downside this morning, we have Intertek, the biggest faller, down 1.6%.

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