Pursuit Dynamics perks up as market rallies

"We had a detailed discussion with management Dynamics continue to confirm a number of inaccuracies," said Mirabaud analysts, to give himself an analysis point by point of 16 pages folder. The said broker that verdict for the presentation of the potential market "a fundamental understanding of lack.

Analysts writing on the presentation "technology overview", added: "the description on this slide mainly concerns the application of technology on the market of foods and especially it ignores important developments made in the past three years."

Another house broker, Cenkos, spoke to the dynamics of the prosecution, saying: "recent bear raid has created an excellent opportunity to purchase the shares.

Dynamic continuation posted throughout the year loss of £ 9. 1 m in December. But which does not stop the bulls yesterday as invigorated shares up 55¼ to 385¼p.

Return to the main market, engineers and technology companies were also asked, although for more mundane reasons. After having slipped into the red after new Tuesday, the disappointing contraction in the British economy, citation index rebounded yesterday.

The FTSE 100 gained 51.5 points to 5969.21 and mis FTSE 250 110.67 at 11612.27 points.

Lifting feeling is a rally on Wall Street, where the Dow broke the barrier of 12 000 for the first time since June 2008.

Missing, however, banks have been.Royal bank of scotland, hsbc Holdings and Lloyds banking Group has fallen 0.26 43.03 p 2 to 696 p and p from 0.14 to 63.01 respectively.

Leads the charge, however, was Aggreko, the energy supplier temporary events, including the Olympic Games in London. Advanced 75% to £ 14.85 that Goldman Sachs has initiated coverage with a "buy" rating Aggreko to give a price target of £ 20.02, analysts said as Aggreko to benefit from the growth in its international business "such as a lack of power in drive developing economies more demand to temporary".

While on the second level, Renishaw WINS outrageous. After precision engineer who manufactures equipment for measuring and products for the healthcare sector posted increased fivefold in favour of the first half, its shares rose 263 p to £ 15.98. Renishaw said he saw particularly strong growth in the far East, and that China is now larger enterprise market.

Given solid results, improved Numis analysts forecasts of profit throughout the year by 13pc £ 72. 2 m. "Renishaw a clear impetus and year-end results should significantly advance on year," added the broker, which has a "hold" on Renishaw. "We believe it is good upside potential risk to our estimates, and this may be still attractive in spite of share price highs."

Not far behind Renishaw was Cookson. The industrial materials company whose products are used in solar industries and glass, as well as by foundries and manufacturers of steel, checked up to 48 to 680½p. Mounted Cookson came as he has said that he expected performance this year, to be well ahead of last year, thanks to improvements in its steel and electronics markets.

Checking up too was Prime Minister Foods, who won 1.62 to 22.3 percent. The food producer sold his company Quorn earlier this week to £ 205 million, and there were rumors that it is in talks to sell its operations in cans to the Princes.

An optimistic note broker helped spirent Communications, test systems and equipment for AT & T, Cisco and Verizon Communications. Analysts at Numis plus their "buy" rating of "add", pushing Spirent 10.1 141 p.

At the other end of the spectrum, heritage oil immersed 126.6 at 310 p as investors found nose by the fact that the Explorer had discovered gas instead of oil in Kurdistan.

But analysts of JP Morgan Cazenove said the discovery could "ultimately increase takeover appeal of heritage to a gas main players in the region.

Write on oil and gas sector in a separate note, JP Morgan Cazenove investor savvy "prepare for some blockbuster upstream M & a in 2011", with likely Asian national oil companies of predators.

Return on the highest level, the smell of black gold has been boosting bg Group. He doped 45½p at £ 13,72 after the discovery of light oil in the offshore of the Brazil.

BG was joined by minors, who has gained ground as concerns autour fell of the strength of economic recovery. Antofagasta on 46 p to £ 14.36 and Rio tinto has increased to £ 44.00 110 p.

As the relapse concern abated, retailers also rallying, with the Next wins 10 p to £ 20.85. Helping high street retailer, it was an upgrade of Nomura, cogné up to its "buy" rating of "neutral", which has increased its price target to £ 26.50 from £ 24.13.

Analysts said the pressure then face face this year as a squeeze on household income are generic industry, while its possibilities, such as growth in the following directory, looks set to improve.

Written in General on sale sector retail, Nomura said expected stocks at the best price in the second half of the year. "In detail, another hike for VAT in the UK puts real cash flow cleaning pressure in 2012, which means that the actions are likely to benefit until the summer," said analysts.

They are feeling bullish on stocks of goods of luxury, saying that the "distribution support of growth of gross domestic product, global travel, increased wealth and a weakness of the euro" remained in place for 2011.

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Questor share Tip: grip, Standard Life on UK pension market key for growth

Instead, 50 years, who succeeded Sir Sandy Crombie as CEO of the company last year, will talk about savings and long term investment and blow away the cobwebs in 185 years Scottish institution only mutualised-of in 2006.

Mr. Nish himself has established a clear timetable for doing so and yesterday-show results he made progress, although he himself has admitted that there is still a "much to do."

Other (dare I say it) insurers, Standard Life has its sights set mainly on the British market and hopes to exploit the 1.4 trillion of £ in pensionable pension active he believes are to win in Britain.

Mr. Nish has spent its first year in Office of restructuring of its management team and the launch of new products, such as Lifelens, new package of benefits employee of the group. Standard Life has also disposed of its banking and health care units and made a few bolted acquisitions to strengthen its "basic proposals" - a phrase that Mr. Nish likes to use.

Although it is clearly too early to judge the long-term these changes impact, financial statements of the of the Standard Life were quite strong in 2010.

The Group posted a 5pc 6 increase in profit before tax of 425 m £ paying revenues have increased by 16pc for £ 1 billion. Manager of property of the company, Standard Life investments, also saw assets under management hit a record more than £ 71 enabling the company to increase its total dividend by 6 2pc 13 percent.

Moreover, the Group managed secure transactions to provide services to 182 new British pension schemes, representing 72 000 employees.

It is clearly a solid platform to build and Mr. Nish will want to prove that British companies do not have to build global empires to succeed.

Mr. Nish 2011 will be the year he and his team "execute and deliver", explains their strategy, winning several new companies in mind until December 31, when he says that the group must be ready to reap the benefits. It is because of the planned regulatory changes for 2012, including reforms of the pension which will be automatically enrolled employees to employers pension plan their existing or a new system of personal accounts.

Standard Life believes that more businesses of the United Kingdom will need his services as being more employees pay into pension schemes. The group is currently a leader of the market in this sector. In addition, the implementation of the review of retail distribution will prohibit commission payments to intermediaries. That Standard Life already operates on the paid model of choice, it is expected to steal a March as companies are forced to change their payment models.

Questor recognizes the impact of Mr. Nish changes are likely to have on society and recognizes performance of healthy dividend of 5 3pc, it already provides to investors.

Shares in the company rose by just below 10pc during the past year, the investment to maintain - especially for the number of ranking of the retail investors, the company has - a legacy of its demutualization five years ago.

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Protests forced the Bank of the Egypt and the closure of the market

Within a week, which saw investors nervous scramble gold, a hole from traditional bolt in times of uncertainty, Hisham Ramez also told Reuters Central Bank reserves were strong at $36bn, banks were liquids and any capital by foreign investor flight "hot money" would be short-lived.

The Egypt has endured for five days of often violent demonstrations with people on the streets, demanding the resignation of President Hosni Mubarak, which imposes a dusk to dawn curfew and ordered tanks in the streets to restore order.

Ramez said banks close on Sunday, adding: "it is just a precaution until banks are ready to start work on Monday."

He did not comment disorders.

Market stock of the Egypt, which dropped by 16pc in two days after the unrest erupted, is also closed Sunday. The Egyptian pound dropped to bottom of six years.

"It is obvious that the Central Bank was concerned an important Bank panics and foretelling on what they expect to happen in the coming days." It is a close to paralysis, said John Sfakianakis, an economist at the Saudi Fransi-Credit Agricole Bank.

Ramez said that while there might be a short-lived capital flight, the Central Bank and other banks Egyptians were in a position of strength and he was comfortable with reservations.

"All accounts are safe." Liquidity is here. Banks are liquid. Customer accounts are safe. Everything is in order. "We have no problem", he said.

"We're ready." "Our reserves are very strong," he said, adding that the Bank had not intervened, the currency market last week.

We're very comfortable"with reserves, he said.

Asked about the possible risk of capital flight, he said: "perhaps for a short period for foreign investors, for the"hot money", Yes. I think that things will soon be in order. »

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Resolution up races forward market update

Comforters, suggested Redburn, included with old mutual and Aviva, which ticked up to 4.2 for p 135.4 and 461.3 4.8 percent respectively.

Resolution to give a rating "buy" Redburn analysts argued the evaluation could provide 80pc upside, which helped 16.6 - mounted resolution or 6 3pc - 280,6 p.

Rally of the resolution was the largest market staged a recovery. The FTSE 100 placed on cigarette 6085.27 points and FTSE 250 points 57.56 advanced 11807.28.

Resolution was growing thanks to focus on its acquisition strategy, bhp billiton has been on the slide for the same reason. Undermine more grand world slipped rear 36 percent to £ 24.64 he played in the potential for M & A large scale. For three years, BHP pulled the plug on three major operations, including its bid (£ 24bn) of $39bn fertilizer maker potash, mainly due to regulatory concerns.

When provisional results BHP unveiling, Chief Executive Marius Kloppers said that the preference is to pass on the expansion due to difficulties in securing major acquisitions and product lifecycle had raised expectations of potential asset pricing.

As such, BHP provides pay $80bn in expansion over the next five years instead of Hunt supported by ambitious.

He joined BHP among the laggards tullow Oil Explorer announced that a well off the coast of Mauritania had proved unsuccessful, and as such, could be plugged and abandoned. Tullow dropped by 18 per cent to £ 14.09.

At the other end of the spectrum, GKN accelerated as Investec has begun coverage of the author of car parts and aircraft with a rating "buy". Analysts have argued that GKN was enjoying a recovery volume in its major automotive and industrial markets. Persistent control taken gossip continues to fuel GKN too and increased 9.3 at 217 p.

Real estate companies were demand through HSBC. In a review of the real estate sector, the broker raised his recommendation on British land to "overweight" from "neutral" and increased Land Securities to "neutral", "weight". Land Securities put on 25 at 727 p then British Land 14½ at 557½p.

Among the second-liners, Prime Minister Foods was still basking in the glow of the news Tuesday that it had reduced its debt pile less than 900 m £.

Credit Switzerland analysts were certainly pleased with Hovis bread manufacturer and the Branston pickle. They increased the Prime Minister "outperform" from "neutral", claiming its look of finance in much better shape and its price target to 38 p to 25 p.

"Balance has been the key on the part of price, not the pay," said the broker.

"With eliminations soon the road and a respectable investment grade rating obtained, the Group should now be able to renegotiate its debt from a much improved position." The premier reinvigorated up 2.15 27.9 percent.

Morgan crucible claimed Medal Silver, walking up to 22½ to 299 p, as the creator of the industrial ceramic said it aimed to gain implementation in 2013. The company also provides scouts for the acquisition of technology, reduce costs and to enter cost end-markets.

Micro focus has regained some lost ground after mauling Tuesday. Having a on news that IT has cut its forecast for the year after losing a few large transactions in the third quarter, Micro Focus has won 5-296 p brokers turned bullish.

Panmure Gordon, Peel Hunt, and Numis raised Micro Focus "buy" to "hold". Analysts to the singer has also suggest that Micro Focus may be a target for M & A.

It was MITIE' s Tower downgraded analysts Peel Hunt wooden spoon society of facilities management and Credit Switzerland started with sous-un "perform" rating coverage. Has cited dependency of the British economy MITIE and a very competitive market with low barriers to entry.

Among the small-caps game Group slipped back despite unveils its strategy on how to increase Web revenues. PC and video games plan retailer will take measures such as providing shoppers with new payment options. But the game warns that its margins decline as revenues online and digital grew sending down 1.75 percent 70.25.

hogg robinson reinvigorated up 2.75% 47.375 after business travel operator raised its forecast of profit for the year.

Broker settles its rating from "hold" to "reduce", while JD Wetherspoon increased from 1.2 to 441 p.

Mouchel stake as media takeover of forecasting

Mouchel actions marked by 3pc as investors speculated that the long battle for support services company could move towards a key junction. A spokesman for the Costain, which is one of 172 million to £, or 153 p-a-share, submission, confirmed yesterday that speaks with Mouchel were taking place on an agreement. However, according to sources, Mouchel continues its options with a range of interest parties to actively and no advertising agreement is imminent. The shares reached 3.88 p 133.88.

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U.S. debt deadlock étincelles new fears of market

To the United States, the Commission join on the reduction of the deficit still works to cut trillions of dollars from the budget despite the breakdown of Thanksgiving.  Photo: GETTY

The impasse between the Republicans and the Democrats warring on efforts to find a $ 1.2 billion (£ 767bn) savings came in as the rose over $ 15 billion US national debt.

According to reports, the rival parties were preparing to announce today that they could not agree on the packaging of increases in taxes or cutting spending.

The deadline for an agreement of the so-called supercommittee was Wednesday, but the Commission was asked to put forward a plan at the end of today to give time to Congressional Budget Office to assess the real effects on the deficit.

Failure to strike an agreement would trigger automatic cuts of an equivalent amount in 2013 of spending for Defense and other government agencies.

The standoff is reminiscent of delays and arguments in July to raise U.S. debt ceiling. A agreement of last minute was not struck, the United States would have technically violated.

Disputes, was the first evidence of the vacuum of leadership that has frightened the United States and Europe markets.

Yusuf Heusen, a merchant of sale at IG Index, said: "News that the United States have hit a deadlock on recognizes budget cuts wishes to remind the traders of the last time legislators an impasse in the summer and the subsequent fallout that followed.".

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Serco progress but market treads water

Will be Hedden, a trader selling IG index, said: "after touching a new"post-Lehman"high trade at the beginning, it seems that traders took another scope Christmas lunch and pulse fell the day trading."

Leading a heap featured winners was Serco, who checked 23½ to 597% as investors reassured by a giant outsourcing business update. The company reaffirmed orientation gains throughout the year.

Analysts Seymour Pierce kept their "buy" rating, saying that the actions of Serco should now retrieve. "Request refund cash provider unfortunate incident now seems to have passed into history." Serco has signed the memorandum of understanding with the British Government in which it is committed to offer savings on its existing contracts. Any of these are supposed to be material and by changes in scope and economies, will be the broker added.

GKN, a perennial M & A marmonnements, sky also home place in the standings with the manufacturer of car parts and aircraft donning 213.8 6.3 p.

But another player aerospace, BAE Systems has been on the slide. Goldman Sachs cut its price target to 290 p 300 p and reduced its estimate sales by 6pc for 2011 and 2012 5MC.

Broker said: "" stream of news in the coming year will remain very difficult: in our opinion, aggressive, preventive BAE downsizing suggests we could see United States defence budget cuts next year, a deterioration in terms of defence trade with United States and the United Kingdom harder new program-specific. ""

BAE fell 3.1 percent 330.4.

Joining BAE among the laggards was scanning of mining stocks as investors have lost their appetite for risk. Antofagasta and Fresnillo lost 32 p £ 15.28 and 30 percent to £ 15.25 respectively.

BP recovered some of its previous facilitate 6.55 470 percent as analysts of JP Morgan Cazenove threat brandished Exxon Mobil as a potential oil giant losses.

Return one of the leaders, capital firm 3i was on the us as analysts raised changing their position "add".

"After a lull and much uncertainty, wholesale agreement flow wheel spins again." Which should be positive feelings and forecast said the broker, who was 4.8 p 323.3 best.

Chunks of related retail stocks were also winners in appearance, the figures show that retail sales rose slightly in November. Burberry acquired 16% to £ 11.41, while 6.7 to 382 p Marks & Spencer and Associated British Foods - the owner of Primark - p 14 rose to £ 11.39. There are suggestions that clothing retailers may benefit from another software component plug-in cold that consumers buy winter woolies and supermarkets see seeding of consumers on the essential points.

Sports certainly goods retailer, Sports Direct International, apparently enjoying Arctic climate. The string displayed 40pc in favour of half increased and said that the winter weather has been a "net positive" - he sold 30,000 sleds already this winter. Sports Direct rose 150½p 4½.

But a stock benefiting not snow was listed on the aim Goals Soccer Centres. Operator centres football five-a-side informed the benefit of the whole would be less than previous expectations due to heavy snowfalls of £ 700,000. Nevertheless, he established 4 to 114 p as three Directors purchased shares. Analysts Peel hunt preserved their "buy" rating, saying: the effect of snow was the same as the amount they were represented and actions remained "extraordinarily undervalued.

Return to the main market, Mothercare, lowered ½ 609½p Goldman Sachs cut retailer maternity "neutral" to "buy" for evaluation purposes. Although Mothercare is in condition for growth overseas, analysts said it faced pressure at home.

The second level yesterday included Ashtead. Analysts singer said equipment rental company is one of its two stocks preferred in the sector. The broker has the other end was Lavendon with analysts saying that the two had attractive geographic exposure. Ashtead acquired 8.8 percent 166,1 and set 6-113½p Lavendon.

Also on the advance Northumbrian water that Goldman Sachs raised its "neutral" to "sell" rating. Northumbrian bubbled up 333½p 6.1.

Bottom of the market, health care stocks have been generating some interest. Technology company medical of tissue Regenix checked to 0.75 to 10,75 per new service NHS blood and transplant has initiated a pilot study to evaluate for technology entrepreneurship in the treatment of wounds do not heal. Prostrakan acquired 5.25 percent 91.25(1) as drug manufacturer has struck a distribution agreement with Canadian society, Paladin Labs.

Come to recent market HaloSource advanced addition, 8 p 166 as the drinking water technology company signed an agreement exclusive to provide water, disinfection of Indian society, Bajaj cartridges supply.

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Saudi stock market breaks three-week losing streak

Shares in Saudi Arabia have dropped in recent weeks, prompting the State purchasing Fund, news that boosted the market on Saturday. Photo: Reuters

Saudi Basic Industries Corp., manufacturer of petrochemicals most climbed 9 1pc, and Al Rajhi Bank, lender of the Kingdom, jumped 7 FP6.

The Tadawul all share index, Monte 7 3pc, the steepest gain since November 2008, at 5,709.91 at the close to Riyadh. The gauge snap a losing stria of 13 days, the longest predatory from a similar period in July 1996.

The increase in oil prices will boost the "strong condition" of the Kingdom, the Finance Minister Ibrahim al-Assaf said Al Arabiya TV.

Shares in Saudi Arabia, which makes comments 20pc of proven reserves of oil, are now attractive and retirement agency public Saudi bought shares last week, he said.

The General Organization of the State social insurance also bought stocks, according to Fuad Aghabi capital Ajeej.

"The Assaf comments have had the greatest impact on the market," said Aghabi, Director of investment Ajeej Capital in Riyadh.

Stocks fell across the region last week, sending shares of Bloomberg GCC 200 Index of the Persian Gulf level lowest since 2009 and propel the benchmark Saudi down the most in two years, on concerns that the turmoil in Libya is spreading across the Middle East.

"With my confidence in the economy and this country, I also took the opportunity" and bought shares, said Finance Minister Al Assaf. "I am an investor in the long term."

Rose oil 2 5pc to a maximum of 29 months yesterday. Crude oil for April delivery rose $104.42 per barrel on the New York Mercantile Exchange, the highest settlement since September 26, 2008.

Shia Muslims in the Eastern province of Saudi Arabia held two events on 3 March to call for the release of prisoners, a rare event in the top world oil exporter.

Department of the Interior said that demonstrations, marches Saudi and the sit-in is "strictly" prohibited by virtue of the laws of the Kingdom, reported the official Saudi press agency, quoting an unidentified Ministry official.

"Comments of the Minister of Finance contributed today to transform the concern of internal unrest," said Aghabi capital Ajeej.

"It remains to see if sentiment will continue to be positive in course of the week".

Saudi Arabia is the only Gulf Arab scholarship open on Saturday.

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Stock market crash risk is developing, warns Centre for Economics and Business Research

Veteran forecaster Douglas McWilliams said: "signals seem to be building for a kind of crash of the market - shares and many links are already down significantly from their recent." Earlier this year, we gave one in five ratings on a UK relapse. Now, the chances are about one in three. »

The FTSE fell sharply from a peak of more than 6,000 in early July; whereas the Greek and Italian bond prices fell from a cliff, as investors prepare for a possible defect.

Angus Campbell, Director of sales in Paris to the spread of the company Capital spreads, said: "Sentiment is quite beat;" indices of continue to chop and change between the ups and downs. "It is impossible to make a rational decision on where to invest your money when these huge macro issues dominate the proceedings."

Mr. McWilliams criticizing the US and European politicians for the treatment of their deficits as a policy of bargaining chips. It is few options left open to them to avoid an accident, he said. "The real fear is that major economic weapons have been used to treat the last crisis." "He has no scope to reduce interest rates and printing money is regarded with skepticism, but it may be the only option."

Analysts fear a global crisis if there is any form of positive result of emergency European Summit on Thursday. Mick Gilligan, partner Killik & Co, said: "if it is not an any positive result out of Europe, it could be any of a rough summer." If politicians have disappeared from the break, the markets will wait. »

Deutsche Bank analysts, said last week that global stocks may plunge as much as 35pc if the crisis in a spiral.

Falls may be exacerbated by low trading during the summer and even the Test Match on Thursday, said Mr. McWilliams. "There is a history of crises from August as the financial crisis of 2007 and the default of 1998, not to mention the August crisis more Russian famous which became the first world war."

He joined a growing chorus of voices for a relapse. A recent Deloitte survey showed that one in three Directors finance of FTSE 100 and FTSE 250 companies estimated that the British economy will fall back into recession.

Mr. McWilliams finished by taking a potshot at David Cameron. He said that the Prime Minister could take advantage of the crisis to renegotiate links of the United Kingdom with Europe, which could bring down the Coalition and an early election of the force. "Much could happen in the coming weeks," he concludes.

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FTSE today: report - the market here on February 17, 2011.

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Another commodity was also causing problems for the retailers. As the price of cotton broke through $2 per pound, investors worried about squeezed margins. Mid-cap Supergroup fell 58p to £16.60 and blue-chip, Next, dropped 30p to £19.67.

3.15pm: Wall Street falls on unemployment benefits rise

Wall Street edged into negative territory in afternoon trading following a bigger-than-expected jump in first-time applications for unemployment benefits last week. The Dow Jones Industrial Average fell 15 points to 12273.

London's large-caps were in indecisive mood, with the FTSE 100 edging down 9 points to 6075. The FTSE 250 put on 12 points to 11819.

Housebuilders were experiencing mixed fortunes after Redrow swung back into the black at its half-year results.

Analysts at Matrix Partners kept their "add" rating, saying:

"While there is still much to be achieved, the group under the new management team is moving more rapidly into a position of robust health than we would have thought possible in this tough housing market. The rate of recovery seems to be gathering some momentum, but the aspect that needs careful consideration, we believe, is the durability of the new strategy if consumer confidence and mortgage availability declines further."

Despite its return to profit, Redrow fell 2.8 to 130.2p, but the chairman's comments about the strength of the housing market boosted other housebuilders.

Steve Morgan told journalists: "I'm a lot more confident than I've been at any time since I've been back in the business about the spring selling season."

"We're definitely, definitely seeing a big, big uptake," he said, adding that consumers are "fed up of the doom and gloom".

That helped Taylor Wimpey rise 1.39 to 38.42 and Barratt Developments put on 2.55 to 100.9p.

11.50am: Ladbrokes investors unimpressed by full-year results

Ladbrokes disappointed the market with a fall in full-year profits as revenues from high rollers slumped 95pc to £3.5m. Britain's biggest bookmaker was also silent on takeover talks with 888. Ladbrokes fell 3.9 to 138.1p while Sportingbet dropped 1.51 to 46.99p.

Analysts at Matrix Partners kept their "add" recommendation on Ladbrokes, but said:

"We would expect that sentiment will be on the slightly negative side in terms of the short-term outlook for the numbers. After the very surprising bounces in both Ladbrokes and William Hill share prices following the ‘broadly as expected’ Levy announcement, we would expect both stocks to give up some of those gains today."

William Hill edged up 0.5 to 192.8p.

The wider market was marking time, with the FTSE 100 virtually flat - it nudged up 1 point to 6086.28 while the FTSE 250 put on 20.4 points to 11827.48.

Sean Power, equity analyst at City Index , said:

"The first hour of trading had a very subdued feel to it, which was evident with the ease and speed at which the 6100 mark was reached and then retreated from. In quiet sessions volumes are thin and markets can make ‘false’ moves, which can be quickly reversed. With no real negative news at present the markets could continue to drift slowly upward. Unless there is any market moving news released during the remainder of this morning’s session, one should be wary of any excessive ‘false’ lurch in either direction by the market. Until the US trading session begins investors should trade cautiously given the quiet nature of today’s market."

9.15am: BAE Systems takes tumble as FTSE 100 marks time

The FTSE 100 was trading up just 1.7 points at 6086.92 at 9am, after briefly rising to its highest level since May 2008.

Part-privatised lenders, Royal Bank of Scotland and Lloyds Banking Group, both rose over 1.7pc, buoyed by strong results from Barclays and French bank Societe Generale this week - the two report results next week.

Britain's biggest defence and security company, BAE Systems, posted healthy profits but disappointed on outlook. Shares in the company fell 3.5pc after it said it expected sales to fall in 2011, citing cuts in defence budgets in Britain and the US.

Investec Securities placing its "buy" rating for the stock under review, saying: "It feels like profits can be sustained (on lower revs) in 2011, meaning our forecasts would be largely unchanged. However, risk is firmly on the downside and the shares are likely to reflect this."

Talk of a gradual recovery this year by publisher Reed Elsevier after it reported a 2pc rise in underlying sales in 2010 that was broadly in line with forecasts, put off investors. The shares fell 2.2pc.

Among the second liners, Sports Direct, Britain's biggest sporting goods retailer, said it would meet its target for year profit, with trading still strong after a robust third quarter. The bullish update lifted the stock 4.4pc to 175p, with Seymour Pierce raising its price target to 190p from 165p.

06:00 Asia lacklustre

Asian markets were mixed Thursday, with some boosted from strong US corporate earnings while China sagged after Beijing slapped new restrictions on property purchases to cool the overheating sector.

The Nikkei 225 stock average rose 0.26pc, to 10,837 as the country's auto sector rose. Honda gained 2pc and Nissan 1.4 pc.

Meanwhile, mainland property shares in Hong Kong were pummeled a day after Beijing's city government announced measures to ease its housing squeeze, including restrictions on purchases by nonresidents and limits on the number of homes that residents can buy.

Hong Kong's Hang Seng index was flat at 23,158 and the Shanghai Composite index dropped 0.4pc to 2,910.

In New York overnight, the Dow Jones industrial average gained 0.5pc, to close at 12,288, its highest since June 13, 2008.

The tech-heavy Nasdaq composite index rose 21.21, or 0.8pc, to 2,825.56 on Wednesday.

Thursday's Market Report:

Banks bounce back as blue-chips tread water

FTSE today: market report - as it happened February 17, 2011

Wednesday's Market Report:

Resolution races up ahead of market update

Tuesday's Market Report:

Imagination surges up as Micro Focus melts

FTSE today: market report - as it happened February 15, 2011

Tools: Shares and Markets: News, charts, data

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FTSE today: report - the market here on February 11, 2011.

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However, Wall Street weakened, with the Dow Jones Industrial Average losing 21 points to 12207. Confidence was dented by food giant, Kraft, lowering its full-year earnings forecasts in light of rising commodity costs.

Back on this side of the Atlantic, Barclays was amongst the sharpest fallers after Arturo de Frias, banking analyst at Evolution Securities, reiterated his “sell” rating. While he believed that Project Merlin was good news for Barclays, the next obstacle - capital - will be far more difficult to negotiate.

Barclays fell 4.4 to 308.85p.

But on a more positive note, Legal & General advanced 3.8 to 122.6p on the back of a bullish note from Nomura. Analysts suggested that the market was underestimating the potential of the insurer’s asset management operations. While that division accounts for 21pc of earnings at the moment, the broker reckons that could rise to 37pc by 2013.

Amongst the small-caps, Renovo tumbled 50.75 - or 74pc - to 17.75p after announcing that its anti-scarring product, Juvista, had failed a late-stage trial.

"We are extremely surprised and disappointed by the failure of Juvista to meet the Phase III trial primary and secondary endpoints," chief executive Mark Ferguson said.

"The board of Renovo will now consider all options open to it to maximise shareholder value."

11.40am: Retailers fall back as John Lewis posts underwhelming sales growth

Leading the benchmark index into negative territory during morning trading were the retailers, with Next shedding 64p to £19.99. Marks & Spencer and Kingfisher lost 9 to 362.6p and 4.5 to 248.5p respectively.

Weighing on the retailers were underwhelming weekly sales figures from John Lewis. The department store chain said that its 1pc increase in sales was "admittedly not a large one, but in positive territory nonetheless".

Howard Archer of IHS Global Insight said the small rise, following on from modest declines over the previous two weeks, "reinforces concerns that consumers are reining in their spending".

He added:

"The recent softer trend in John Lewis sales reinforces suspicion that consumers will be very cautious in their spending in 2011 in the face of serious headwinds. Higher inflation (fuelled by January's VAT hike) and muted earnings growth is increasingly squeezing purchasing power. Meanwhile, unemployment is high and likely to rise further, other elements of the fiscal squeeze will increasingly bite as the year progresses (for example, employers' national insurance contributions will rise in April), and debt levels are elevated."

John Lewis was responsible for an even heavier fall on the second tier. Ocado plunged 44.4 to 240.6p after the John Lewis pension fund cashed in its 10.4pc stake in the online grocer, raising £152m.

John Lewis transferred a 29pc stake in Ocado to the pension fund in 2008. The fund sold more than half that holding in Ocado's initial public offering in July, and was prevented from selling the rest for six months. Analysts had been expecting the fund to sell the rest of the holding at some point.

Ocado's share price languished below its 180p float price for much of last year, but has recently perked up as short sellers covered their positions and speculation around a possible bid for the company, which delivers Waitrose groceries.

Analysts at Jefferies, who have a "hold" on Ocado, said:

"We do not see any operational significance from today's development. We do note, however, the extent to which Ocado's equity had recently benefited from a favourable supply and demand imbalance. We believe today's placing is likely to address that technical situation."

Ocado was the sharpest faller on the second tier. The FTSE 250 fell 28 points to 11693 and the FTSE 100 shed 19 points to 6000.67.

Asian indices drop back

Hong Kong's Hang Seng index dropped 0.4pc to 22,620.22, a day after closing below 23,000 for the first time this year.

Tom Kaan of Louis Capital Markets said the drop was led by faltering shares in the company that runs the territory's stock exchange, following a flurry of merger discussions between exchanges that didn't include Hong Kong's.

China's Shanghai Composite index was off 0.1pc to 2,815.61. Australia's S&P/ASX 200 let go of the previous day's gains, dropping 0.3pc to 4,898.60.

Indexes in Singapore, Taiwan, Malaysia and Indonesia were also lower. Japan's markets were closed for a public holiday.

Seoul was the only bright spot, with South Korea's benchmark Kospi rising 0.1pc to 2,010.01 after the Bank of Korea left its key interest rate at 2.75pc despite rising inflation.

Market sentiment was glum as anti-government protests in Egypt picked up steam and Wall Street started to sag after a bright week.

"With Egypt looking like it's blowing up again, investor confidence is really not there," said Kaan. "I am worried about the U.S. market after an eight-day winning streak, you may see a correction coming in and that could weigh on Asian markets next week."

Oil prices jumped as Egyptian President Hosni Mubarak clung to power amid growing protests calling for his resignation. The dollar was up against the euro and the yen.

US stocks finished flat Thursday, dragged down by Cisco Systems Inc. and Akamai Technologies Inc. Both issued weak earnings forecasts, raising concerns about business and technology spending.

Cisco, the world's largest networking equipment maker, had a 14pc drop — the largest fall of the 30 stocks that make up the Dow.

The Dow Jones industrial average lost 10 points to 12,229. The S&P 500 rose a point to 1,321. The Nasdaq composite rose 1.4 point to 2,790.

Stocks traded lower much of the day, despite the Labor Department saying that 383,000 people applied for unemployment benefits for the first time last week, the lowest level in nearly three years.

Economists say applications would need to fall to 375,000 or below on a consistent basis before the unemployment rate will decline.

Benchmark crude for March delivery was up 65 cents at $87.38 a barrel in New York. The contract rose 2 cents to settle at $86.73 per barrel on Thursday.

A surge in Portugal's borrowing costs, meanwhile, again inflamed concerns about Europe's debt crisis, leading to a slip in the euro against the dollar.

The European currency slid to $1.3577, after falling to $1.3593 late Thursday. The dollar was also stronger against the Japanese yen, at 83.44 from 83.32 late Thursday.

Friday's Market Report:

Retailers retreat as FTSE rallies on Egypt relief

FTSE today: market report - as it happened February 11, 2011

Thursday's Market Report:

ICAG nosedives on Air France profit warning

FTSE today: market report - as it happened February 10, 2011

Wednesday's Market Report:

LSE-TMX merger prompts global jump in bourse shares

FTSE today: market report - as it happened February 9, 2011

Tuesday's Market Report:

GKN speeds ahead as car sales accelerate

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Events of the Middle East: market rection

Escalating tensions in the Middle East have frightened markets. Photo: AFP

Charlie Robertson, Chief Economist world, capital of the Renaissance:

"Events and the bloodshed in rich nations - such as Libya and Bahrain - suggest disorders can spread even more deeply in oil production, such as Iran, the Algeria or nations more worrying for the markets, Saudi Arabia."

Rising prices for oil and gold yesterday are responses of rational market this uncertainty and Russia - with exposed both - equities should do well. In Ghana, the Kazakhstan and Nigeria are likely beneficiaries too, although it is frontier markets.

"Safe haven currencies, such as the franc Switzerland (vs Euro) and the yen would normally well in this environment, but the two are already expensive." Norwegian kroner (versus the Euro) is probably the most obvious beneficiary of this uncertainty, held its exports of petroleum and distance from the Middle East.

On the other hand, the Turkey perhaps suffer, given its dependence on oil and regional proximity... and as the Turkish Lira is now relatively good market in the short, we need to see Central Bank intervention to reduce volatility.

Jim Reid, strategist, Deutsche Bank:

"Libya has the largest reserves of oil in Africa and the ninth largest worldwide political instability naturally is a source of concern regarding prices and production volumes.

Joshua Raymond, market strategist, city Index:

The reaction of markets is one of uncertainty on how to play the situation in the Middle East and what will be the consequences for crude oil supplies.

"Spikes in crude oil are likely inflated costs for society, particularly airlines and as these margins of pressurized." Investors are afraid now that the Libya disorders and other nations in the region could affect profits of corporations, at least in the short term.

"FTSE 100 exchanged by 5950 support levels today and should the UK Index close below that level today, it can open more downside pressure levels of support 5824 next."

Simon Denham, head of the capital spreads

"FTSE is slot pressure this morning in the area of 5950 medium with what is quite a level of support important."

"The speed with which nine is to sell investors disconcerting and this can easily be transformed into a panic, causing a move significant downward as the index has already pas take into account levels of support."

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FTSE today: report - the market here on March 10, 2011.

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Jonathan Plant, a strategist at Liberum Capital, said: “With stagflationary growth, geopolitical troubles and developed-market austerity on the way, it should be a good test of the ‘buy the dips’ scheme mentality that pervades this market.”

ARM Holdings, the Cambridge company that designs microchips for the iPhone and iPad, led the bluechip loserboard after analysts at JP Morgan downgraded the stock. The bank warned that ARM is likely to be one of the biggest losers from a slowdown in demand for tablet computers, such as the iPad and Samsung’s Galaxy Tab. The analysts said the Far East companies churning out tablets are sitting on a huge backlog of chips, which will hurt ARM’s royalty revenues going forward. The shares, which have risen by 26pc so far this year, had lost 41p to 533p by 3pm.

Next up among the losers is Aggreko, down 16.7 to 525p after the temporary power supplier warned that lack of major sporting events and the unrest in the Middle East and north Africa could make life a little tricky this year. A bumper year of sport in 2010, including the World Cup, the winter Olympics in Vancouver and the Asian games, added £87m to Aggreko’s 2010 revenues of £1.23bn. “We have tried to persuade FIFA to run the World Cup every year, sadly they have not listened,” Rupert Soames, chief executive, said. “Every even year, you get a big year for events and every odd year, youre basically down to the tiddlywinks championships.

Andrew Nussey, an analyst at Peel Hunt, who has a hold recommendation on Aggreko, said he “would not chase” the stock at 18.7 times 2011 forecast earnings “until there are signs of further earnings upgrades”. The shares were down 100p to £13.89.

12pm: Investors are filling their trolleys with shares in Wm Morrison after Britain’s fourth-biggest supermarket announced plans to join the internet shopping melee within two years.

Morrisons, the only one of the "big four" grocers that currently lacks an internet presence, is giving itself a head start by buying a 10pc chunk in posh New York online grocer Fresh Direct. Dalton Philips, chief executive, said investing £32m in Fresh Direct and buying baby clothes website Kiddicare.com for £70m, would enable it to “get to the right answers faster” before launching a British website.

Chris Hogbin, an analyst at Sanford Bernstein, said: “The initiatives are sensible and Morrisons is well able to afford them.”

However, Espirito Santo analysts said the step up in new store openings could raise concerns about investment returns, with all other major British grocers pledging to expand rapidly.

The Bradford-based chain also increased its dividend by 17pc following a 2pc rise in profits to £874m. It will also buyback £1bn worth of shares over the next two years. The shares were 4.5p up 284.9p at lunchtime and leading the bluechip index.

However, the sun wasn’t shining on Argos and Homebase after their owner, Home Retail, warned its full-year profits would be below expectations. Britain’s biggest household goods retailer said sales slid in January and Terry Duddy, chief executive, warned there were “clear signs” of “further pressure on consumer spending”. The shares dropped 14.7 to 196.2p.

Nick Budd, an analyst at Arden, said: “As bid hopes fade further, with share buyback support now finished, we think the shares will soon re-test new lows. We target 175p and reiterate our sell on Home, despite the cash mountain and the 14.7p dividend [covered only 1.25 times]. The yield is 7pc at 211p, but we think that needs to be 8.5pc to compensate for the risks in the earnings outlook.”

Overall, the FTSE 100 index was down 57 points to 5,880 points, as resource stocks took a hammering. Fresnillo was down 72p to £15.18 and Rio Tinto lost 150p to £39.39. Randgold Resoucres, Anglo American, Xstrata, BHP Billiton, ENRC and Vedanta Resources were also among the losers after Chinese stats hint at a slowdown in demand for metals.

9am: Spain downgrade forces down FTSE

The FTSE 100 was down almost 1pc in early trading on Thursday as Moody's downgrading of Spain and ongoing turmoil in LIbya weighed on European stocks.

The UK's blue-chips dropped 45.94 to 5891.36 at 9am, led by ARM Holdings (down 6pc), Aggreko (down 5.1pc) and Standard Life (down 4.4pc).

France's CAC 40 and Germany's Dax also both slipped around 1pc.

Ratings agency Moody's cut Spain's sovereign debt rating one notch on Thursday and warned of further cuts due to fears that bank restructuring will likely cost more than twice what the government expects.

Meanwhile, traders are keeping a wary eye on oil prices, which have been driven higher during weeks of anti-government unrest that has shut down most of Libya's 1.6m barrels per day of crude production.

"Oil prices now are the major concern in the market," said Jackson Wong, a vice-president at Tanrich Securities.

Brent crude for April delivery was up 16 cents to $116.10 a barrel on the ICE Futures exchange. Sustained higher oil prices could put a damper on the economic recovery by adding to costs for businesses.

Wall Street was poised to extend Wednesday's losses, with Dow futures down 70 points at 12,104.00. Broader S&P futures lost 9.5 points to 1,305.90.

In Asia, Japan's Nikkei 225 stock average ended 1.4pc lower at 10,434.38 after the government said the economy shrank 1.3pc in the fourth quarter. That's more than preliminary data last month suggested.

Chinese shares fell on expectations that February inflation data due out Friday would be lower than the previous month but still higher than the government's 4pc target.

The Shanghai Composite Index lost 1.5pc to close at 2,957.14. The Shenzhen Composite Index of China's smaller, second exchange lost 0.7pc to 1,302.65.

South Korea's Kospi extended losses after the central bank raised its key interest rate for the second time in three months. The index fell 1pc to 1,981.58.

Hong Kong's Hang Seng index retreated 0.8pc to 23,614.89.

6am: Japanese woes weigh down markets

Asian shares fell on Thursday, weighed down by ongoing fighting in Libya and a larger than expected contraction in Japan's economy.

Traders are keeping a wary eye on oil prices, which have been driven higher during weeks of anti-government unrest that has shut down most of Libya's 1.6m barrels per day of crude production.

"Oil prices now are the major concern in the market," said Jackson Wong, a vice-president at Tanrich Securities.

Brent crude for April delivery was up 40 cents to $116.34 a barrel on the ICE Futures exchange. Sustained higher oil prices could put a damper on the economic recovery by adding to costs for businesses. The dollar was higher against the yen and the euro.

Japan's Nikkei 225 stock average was off 1.6pc at 10,416.01, with nearly all sectors in negative territory. Toyota Motor Corp tumbled more than 2pc, and major bank Mitsubishi UFJ Financial Group fell 1.8pc.

Investors have also been digesting economic data from China.

Shanghai's composite index fell 1pc to 2,792.10 even after the Chinese government said trade grew strongly in the first two months of the year.

Wong said the focus is on inflation data scheduled to be released Friday. Surging food prices have pushed China's inflation higher in recent months, adding to pressure on Beijing to cool living costs with more interest rate hikes and other measures. Wong said the latest consumer price index (CPI) report will likely understate the problem.

"I don't trust the official CPI data," Wong said. "When we talk to people in China and also people in Hong Kong, they all say the inflation is worsening."

Hong Kong's Hang Seng index retreated 0.6pc to 23,660.79.

Cathay Pacific Airways, Hong Kong's biggest airline, fell 1.3pc a day after company executives reported annual profit tripled to a record but warned that higher oil prices threatened profitability in 2011.

Benchmarks in Australia, Taiwan, Singapore and also lost ground. South Korea's central bank raised its key interest rate for the second time in three months as it steps up efforts to control inflation that has risen to its highest level in more than two years.

The Bank of Korea lifted its benchmark base rate to 3pc from 2.75pc at a monthly monetary policy meeting.

In New York on Wednesday, stocks slipped as WTI crude oil prices hovered near $104 a barrel, continuing a three-week run of high prices that economists say could slow the economic recovery.

The Dow Jones industrial average fell 1.29, or less than 0.1pc, to 12,213.09.

The broader S&P index lost 1.80 points, or 0.1pc, to close at 1,320.02. The Nasdaq composite fell 14.05, or 0.5pc, to 2,751.72.

Thursday's Market Report:

Apple iPad success could hurt ARM Holdings

Wednesday's Market Report:

'Spectacular' Prudential leads the FTSE 100

FTSE today: market report as it happened: March 9, 2011

Tuesday's Market Report:

Falling oil price hits gold miners

FTSE today: market report - as it happened March 8, 2011

Monday's Market Report:

ENRC falls on talk of Kazakhmys stake sale

FTSE today: market report - as it happened March 7, 2011

Friday's Market Report:

FTSE today: market report – as it happened March 4, 2011

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FTSE today: report - the market here on February 21, 2011.

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Invensys has long been mooted as potential break-up candidate. Ulf Henriksson, Invensys chief executive, appeared to sugest as much last November when he said that China Southern Rail could acquire or take a stake in the business, although the company later downplayed his comments.

3.10pm: ITV falls back amid X Factor rumours

ITV came under pressure as the afternoon wore on amid reports that Simon Cowell and Cheryl Cole may not appear in the 2011 series of the channel's hit show, The X Factor.

There has been speculation that the pair would not be able to sit on the judging panel of this year's series as it clashes with the US version of the show in both are tipped to take part.

As investors fretted about the impact of the potential departure of two of the show's biggest names, ITV fell 2.1 to 84.25p.

However, analysts at UBS were quick to reassure anxious investors. In a note asking Cowell and Cole; will they won't they?, analysts suggested that putting together a different panel would be better than delaying the screening in order to have the same panel.

"The X Factor auditions are imminent and the show starts in August; either ITV go ahead and show it or delay screening until January 2012 in order to have the same panel. We argue that it is likely ITV continues the screening as planned with a slightly different panel," said analysts.

Keeping their target price of 100p, they added: "We believe the advertising loss would not be significant as ITV can bring in other celebrity names."

ITV's fall was mirrored by the wider market. The FTSE 250 fell 56 points to 11771 and the FTSE 100 shed 28 points to 6054.

11.50am: Middle East protests keeps benchmark index under pressure

As unrest rippled across the Middle East, investors were once again heading for safe havens. Defensives were in favour with Centrica, Scottish & Southern Energy and GlaxoSmithKline rising 1.19pc, 1.16pc and 0.8pc respectively.

With investors steering clear of riskier assets such as banks – Royal Bank of Scotland led the laggards, losing 2.6pc – the benchmark index took a turn for the worse. The FTSE 100 edged down 18 points to 6065 and the FTSE 250 fell 51 points to 11777.36.

However, the prevailing sentiment was indecision, with no direction from the US today where traders have downed tools for a public holiday and no economic data in the UK. Investors are also keeping their powder dry ahead of revised gross domestic product figures later this week. The first reading, published last month, for the final quarter of 2010 showed that the economy shrank by 0.5pc and investors will be looking to see whether the revised figures show any improvement.

There is also still uncertainty over when interest rates will be raised. Minutes of February’s Bank of England Monetary Policy Committee meeting, published on Wednesday, will show how close this month’s vote was on whether rates should be increased.

Philip Shaw, an analyst at Investec, said:

“Last week markets were clearly nervous, closely scrutinising Mervyn King’s words in the press conference that followed the publication of the Quarterly Inflation Report for further clues on the timing of the first interest rate hike. As we turn to the week ahead, markets are likely to remain jittery about the timing of the MPC’s next move, so the minutes of February’s MPC meeting, due during the week, will be important – particularly given they will tell us the balance of the vote.”

Amongst the mid-caps, CSR tumbled 7.4pc after the chip maker agreed to buy America's Zoran in an all-share deal, which will add imaging and video to CSR's wi-fi, bluetooth and GPS location technologies.

Joep van Beurden, CSR chief executive, said the $679m deal would enable CSR to target the growing number of devices that combine imaging and video with wireless and location services.

Analysts at RBS kept their "hold" rating, saying:

"While we see both pros and cons to this smartly structured deal, the big questions for us are: 1) will CSR be able to able to integrate ZRAN into CSR in a similar fashion to the successful SiRF acquisition; 2) will CSR be able to leverage synergies (cost and product) between both companies to such an extent so as to offset the more mature end markets of ZRAN, ie, digital cameras, printer imaging; 3) will further acquisitions be required."

10am: Banks and energy stocks led Britain's top share index lower on Monday as concerns over political unrest in the Middle East and North Africa prompted investors to flee from risk.

The FTSE 100 index was down 26.37 points, or 0.4 percent, at 6,056.62, hovering near its recent 32-month highs.

Traders said the index lacked direction with the US market closed on Monday for the Presidents Day holiday and no important domestic economic data due in the UK.

Energy stocks were lower as crude oil rose 2pc on fears that unrest in Middle East and North Africa could disrupt oil supplies.

"The situation is a tough one near term and does create uncertainty, but can be seen in a positive light as we're potentially going from a series of dictatorships to democracy," Keith Bowman, an analyst at Hargreaves Lansdown, said.

BP said it has suspended preparations for exploratory drilling for oil and gas in western Libya due to growing unrest in the north African country.

Miners bounced marginally after Beijing on Friday raised banks' required reserves by 50 basis points, showing no let-up in a campaign to combat inflation.

Precious metal miners Fresnillo and Randgold Resources were up 3.1 and 2.4pc respectively as gold rose to a seven-week high as spreading unrest in the Middle East burnished the metal's appeal as a safe haven.

Invensys rose 5.3pc after the Observer newspaper reported on Sunday the British engineering firm is being eyed as a potential takeover target by several international rivals, citing "city sources".

Banks, which rose 2.3pc last week after solid results in the sector including from Barclays, were the biggest fallers. UK banks have risen 10.3pc since the start of the year.

Royal Bank of Scotland, which reports later this week, was down 1.9pc.

Minutes from the Bank of England's rate setting meeting are due out on Wednesday, with investors looking for clues as to how close the voting was for a rise in interest rates.

6am: Oil prices bounded, with Brent crude rising to more than $103 a barrel amid investor concern that violent protests in Libya could disrupt crude supplies. In currencies, the dollar weakened against the yen but was up against the euro.

Japan's Nikkei 225 stock average was flat at 10,846.73 as the index pared robust gains made last week.

Blue chip manufacturers like Honda and Toshiba were down, each by about 1pc.

Hong Kong's Hang Seng index lost 0.4pc to 23,508.62. Again, however, oil companies were on the rise. Sinopec, Asia's biggest oil refiner by volume, rose 0.2pc.

State-owned oil company CNOOC Ltd. rose 1.6pc and PetroChina Ltd., China's biggest oil and gas producer, was up 0.4pc.

Benchmarks in Taiwan, Singapore and New Zealand also retreated, while China's benchmark Shanghai Composite index rose 0.1pc.

South Korea's Kospi fell 0.5pc to 2,002.84 and Australia's S&P/ASX 200 shed 0.8pc to 4,895.40.

Sentiment was also hurt by a move on Friday by China to control inflation. Beijing ordered its banks to hold back more money as reserves, raising the required level by 0.5pc of deposits.

Shares of Australian resource companies, which rely heavily on growing Chinese demand, slumped in response.

BHP Billiton Ltd. fell 1.8pc. Rival Rio Tinto Ltd. also lost 1.8pc. Japanese stocks also sensitive to Chinese demand dropped, including Komatsu Ltd., a maker of construction equipment, by 0.6pc, and Hitachi Construction, down 1.3pc.

While keeping an eye on Mideast unrest, analysts said Asian markets had performed well recently and were perhaps due for some profit-taking.

"I think the focus is on the nervousness in the Middle East with the potential disruption to oil supplies. The markets have been pretty volatile in the past few weeks because of this added geopolitical uncertainty, but Asian equities had a pretty good bounce last week, so maybe this is a little correction to that," said David Cohen, economist at Action Economics in Singapore.

Friday's Market Report:

FTSE today: market report - as it happened February 18, 2011

Glittering gold puts a shine on African Barrick

Thursday's Market Report:

Banks bounce back as blue-chips tread water

FTSE today: market report - as it happened February 17, 2011

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GM engine ROAR arises return in the stock market at the $trends float

After a last day orders frenzy of GM shares, Detroit company stated that it had raised $20 billion (12 6bn pounds) sale of shares for $33 each. It has the possibility to sell 23 $ billion, which would overshadow agricultural Bank of China as the flotation made Beaver in history. Shares of GM, an icon of U.S. manufacturing for more than a century, will begin trading at the New York Stock Exchange today.

The almost 50 billion $bailout in June 2009 caused controversy, but helped GM reduce costs to restructure its debt and its management of the changement.Avec an improvement in the global economy, the manufacturer has notched gains of $4 so far this year and is outstanding for its first annual profit since 2004.

"That GM has come it is certainly an achievement worthy of mention," said Howard Wheeldon, an analyst at BGC partners.

Flotation also reduces the United States Government set to 33pc 61pc, although the total game must be sold at an average of'd $ per unit for the taxpayers recover their money.GM, CFO Chris Liddell said that "with a new business model, focusing on the design, construction and selling vehicles of best in the world, we are ready to compete."

Greatly expected flotation saw almost all banks on Wall Street to take part, Morgan Stanley, JP Morgan Chase, Bank of America, Merrill Lynch and Citigroup leading underwriting.

Although controversial, GM, Chrysler and GMAC financial self bailing out registered United States loss more grosse.Le Centre for Automotive Research has calculated that increased welfare payments and lost tax revenues would have been more expensive in the long term to allow companies to fail.

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FTSE today: report - the market here on February 24, 2011.

However, interest short Ocado comes as facilitates liquidity. At the end of January, the amount of shares outstanding on loan was almost 13pc. now it's just 8 FP6. Ocado fell 16½-205 p.

3.30 pm: stocks of energy assistance blue-chips from edge briefly into positive territory

Energy floating stocks helped the tug blue-chips into positive territory in afternoon trading, although only by a whisker. The FTSE 100 edged 5927 3.8 points. But the FTSE 250 was still in the doldrums, slippery 78 points to 11443.

Provide support were energy stocks as oil prices rise still earlier. Oil approaching $120 a barrel in London, tullow Oil and BP set 3. 9pc and 1. 2pc respectively.

The latter had also benefited from comments about his Indian gas resources. Oil giant says there are 15 billion feet of gas resources in the 23 blocks, which he has purchased in its $7 MD deal with Reliance Industries.

But rising oil prices have had the opposite effect on International Consolidated Airlines, which sank 3 FP6 in the middle of the fears of more and more fuel costs.

However, analysts at Morgan Stanley stressed the need for "objectivity beyond oil".

"Jet fuel prices have increased 30pc for three months, by a combination of macro and political factors," they said. "Investor debate centres on the sector's ability to price for this inflation of costs without negatively affecting profitability in the medium term." We believe it is premature to 'write' industry based on fuel price increases.

Among small-caps Mouchel passed 12pc p 16.75 after services business group said that it was in talks with a potential buyer without a name.

However, Costain - that had been raised as buyer - has been quick to depart. The construction company made a statement, saying: it was not the party in question. Costain on 5-229 p.

Costain said he had approached Mouchel last week with a proposal revised recommended to share offer and money, but said that it was not the company referred to in the statement of the Mouchel.

Mouchel said:

"Even if Mouchel Council considers that the company has a solid future as an independent company, he believes the strategic logic of a combination of Mouchel and the preferred potential offeror to provide the best option to deliver value to shareholders."

11.30: Capita jumps on rise in profits

Although blue-chips were once again into negative territory, outsourcing giant capita bucked the trend, skipping FP7.

While the FTSE 100 dropped 14 points to 5908 and FTSE 250 hangar 86 points to 11435 as rising prices of oil kept the pressure on shares, inhabitant rose to come after the posting of an increase in annual profits of 309 million 20pc of £.

Capita, manages BBC TV licences and provides criminal record for the Home Office said that a strong submission pipeline leave well-positioned for 2011.

But Robin Speakman, analyst at Capital of the Bank, a vendor of capita. He said he had concerns about the rate of organic development, adding:

"We expected the company to be, as always, distributed upward on the prospects and management is expressed once more, a record pipeline of activity - it focuses on financial services & insurance and local government administration.". However, a pipeline must still be negotiated a contract and implemented. »

Panmure Gordon analysts were more optimistic, arguing:

"Overall, we believe that it is a whole very robust numbers continue to believe assessment examines attractive with capita well-placed and thus reiterate our Buy recommendation."

At the other end of the spectrum, Royal bank of scotland hangar 1.73 45.49 despite the Bank-backed state display closer annual losses as allowances for doubtful accounts fell.

Exane BNP Paribas analyst Ian Gordon retained its rating of "neutral" on RBS, saying that it was "" much too early to crack open champagne"."

"We reiterate our view that there is absolutely no reason for investors to be chasing stock beyond our price target of 50% (unchanged), and we see little better value elsewhere", he said.

"Attributable loss of £ 1 billion is technically a miss 60pc against our forecasts and consensus. However, performance is largely "on line", ", he added."

am to 18.30: Nikkei endures longest losing streak since November

The Nikkei 225 Stock average closed at its longest losing streak since November, falling 1. 10,452 2pc.

Toyota has led to low 1. FP7, while Sony electronics, global country exporter fell 1. 5pc as the stronger yen, carve out the value of overseas sales.

Gold, a traditional shelter during tough times transferred about $ 1,410 ounce, step away from being a record around $ 1,430 in December.

Hong Kong stocks were slightly more about noon Thursday, reinforced by commercial stocks of goods with edging of hang seng Index benchmark up 0 07pc at noon.

In China, Composite index in Shanghai also lined 0 3pc to 2,871, as advanced energy producers.

Overnight on Wall Street, The Dow Jones Industrial Average lost 0 9pc to 12,105.78.

Thursday market report

Explorers oil bubble up as fuel prices surge

Wednesday market report

The price of oil soaring destabilize nervous market

FTSE today: report - the market here on February 23, 2011.

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FTSE today: report - the market here on February 25, 2011.

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The Pentagon announced on Thursday that Boeing had won a fiercely-contested competition to supply 179 air-to-air refuelling aircraft.

"Cobham has been selected by Boeing to provide hose and drug aerial refuelling systems for use on the US Air Force's new KC - 46 A Tanker Aircraft," the company said.

Further down the market, entertainment one was on the rise. The media group behind Peppa Pig perked up 3½ to 147p as it proposed to issue up to 8 m new shares at a price of no less than 145p.

Entertainment One said it was actively considering a range of small deals that would boost earnings.

3. 25 pm: Blue-chips break back through 6,000

The blue-chips broke through the 6,000 barrier back as traders caught up following this morning's –Canada and Wall Street opened higher.

The FTSE 100 jumped 82 points to 6002 while the FTSE 250 put on 180 points to 11590.

The Dow Jones Industrial Average advanced 69 points to 12136. as Wall Street shrugged off a government report that the US economy grew more slowly than first thought in the fourth quarter. Market watchers pointed to the fact that the fine detail of the figures showed there were foundations for sustainable growth.

Back on this side of the Atlantic, there were only three losing stocks as the benchmark index surged back into positive territory.

Amongst the second-liners, Spectris 12pc spiked on news that the electrical engineer's annual profits doubled to £ 119. 9 m.

Spectris also said that it would look at acquisitions this year.

Talk of an acquisition was also helping Mouchel as its takeover saga took another turn.

After Mouchel said on Thursday that it was in "advanced discussions with one potential offeror", Interserve today revealed that it was the business services' group's suitor.

The support services and construction company confirmed that it had made an approach to Mouchel with an indicative proposal. Interserve shed 3.5 to 246 75 while Mouchel put on 1.75 to 154 25 p.

Writing on the development, analysts at Espirito Santo said:

"While Interserve is a very different business to Mouchel, its lower value services would complement Mouchel's highways business, allowing them to enter this market as a near leader." While there is some overlap in Government Services limited, Mouchel would essentially push Interserve up the value chain better positioning them to win bundled local authority outsourcing activity. "Finally, Mouchel's troubled Middle East business could prove to be an asset for Interserve given its existing presence and scale across the region."

12.35: Trading resumes after earlier technical issues

After a lie-in Loescher, the market has finally woken up. The London Stock Exchange was forced to halt trading less than ten minutes after the market opened thanks to a technical glitch, but trading began again at 12.15.

The unexpected half-day's holiday clearly did the benchmark index good though, with the FTSE 100 shaking off this week's jitters to advance 54 points to 5974. The FTSE 250 put on 105.4 points to 11514.

eurasian Natural Resources Corporation ticked up 3 FP7 to take the top spot, while Lloyds banking Group fell 4pc to take the wooden spoon.

On the second tier, the London Stock Exchange fell 7.5 to 5 885 p.

8.50: LSE forced to halt trading less than ten minutes after the open

The London Stock Exchange was forced to halt trading less than ten minutes after the market opened on Friday morning, citing technical issues.

The FTSE 100 index of leading shares had opened 0 28pc higher, to 5,936.

However, the halt in trade was not enough to stop Lloyds slipping almost 5pc to 5 62 p, as its £ 2bn 2 pre-tax profit met expectations but the group's margin outlook failed to impress.

Shares in british sky broadcasting rose 1. 46pc to 768p after a report in the Financial Times suggested Rupert Murdoch's News Corp was close to a deal with regulators over its bid for the company.

Elsewhere, European markets followed Asia's lead, as oil prices settled after rising to almost $120 a barrel on Thursday.

Frankfurt's DAX 30 added 0 13pc to 7,130.50, and in Paris the CAC 40 index rose 0 48pc to 4,029.07.

6 am: Asia boost as oil fears reduced

Asian markets bounced back from a week of losses as worries over Libya's oil supply eased.

Japanese stocks rose for the first time in four days as oil retreated and economic reports tempered concern about turmoil in the Middle East.

The nikkei 225 Stock average rose 0 FP7 to 10,526 at the close in Tokyo, its biggest gain since February 14.

China's stocks fluctuated as banks gained on speculation easing inflation will reduce the need for tightening measures, while oil refiners and airlines fell on concern higher crude prices will curb earnings growth.

The shanghai Composite Index edged down in afternoon trade to 2,877.

The Hang Seng Index increased 1.53 percent to 22,946, the biggest advance among benchmarks in Asia.

The gain halted has more than 4 2pc decline in the last four days, and pared its decline for this week to 2 FP7.

Overnight on Wall Street, the dow jones Industrial average fell 0 3pc to 12,068.

Friday's Market Report

Half-day holiday puts a spring in Futsee's step

Thursday's Market Report

Oil explorers bubble up as fuel prices surge

Wednesday's Market Report

Surging oil prices unsettle nervous market

FTSE today: market report - as it happened February 23, 2011

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FTSE today: report - the market here on February 23, 2011.

3 pm: Carnival and easyJet fall on fuel price concerns

With the price of oil still above checking blue-chips fall more into negative territory. Oil approached $ 100 a barrel in New York as Libya threatened uprising exports of crude oil and unstable already nervous investors.

Stocks with exposure to oil prices withdraw with cruise operator Carnival 3 9pc fall and airline easyJet excretion 2 8pc. FTSE 100 dropped 65 points to 5931, whereas FTSE 250 defeat 11541 110 points.

These falls were mirrored on Wall Street where the Dow Jones Industrial Average shed 12179 33 points.

Back on this side of the Atlantic, real estate companies were better than the broader market. MidCap Capital & counties said it reflects a joint venture to its redevelopment of several billion proposed pounds of Earls Court in London, and has received interest from a number of parties.

The company also said it was good progressin application process of planning for the project of Earls Court.

Who sent a Capco up 2pc while large-cap british land advanced 0 FP7.

noon: Rexam fails to take the flight depending on the results of the year

Nervous investors stick on the sidelines, it falls into the hands of defensive stocks in an attempt to maintain the reference index. Scottish & Southern Energy and Centrica advanced respectively 1. 2pc and 0. 5pc.

However, the FTSE 100 dropped 32 points to 5964 and FTSE 250 hangar 45 points to 11607 as colonel Muammar Gaddafi has promised to combat a growing rebellion in Libya.

Minutes of the meeting of February the Bank of England monetary policy Committee has as little to reassure the market showing the Chief Economist of the Bank Spencer Dale had joined Martin Weale and Andrew Sentance appellant to an increase in interest rates.

Joshua Raymond, strategist, market to the Index of the city, said:

"One aspect which can cause alarm is the divide of opinion within the PPC." On the one hand you have Adam Posen, calling for a further 50 billion increase from £ QE, while on the other hand, you have Dale and Weale, calling for a hike 25bp and Sentence, calling for a 50bp. Right in the middle of it, you have the rest of the members of the Committee sitting on their hands. There is apparently a split growing to camp, and it does not give great confidence to the market participants that the BoE is United to knowing what to do. »

Taking greater on large-cap index fell Rexam, slipped 3 5pc. Manufacturer of beverage cans for Carlsberg and Red Bull has posted an increase in the profits of the year, but market was disappointed by the lack of details on Rexam plans to dispose of his business of closures.

Analysts from Seymour Pierce retained their ratings on of Rexam "buy", but he said:

"Although the Declaration confirmed branch closures for sale, it may be some disappointment that no further progress has been made since the news was released in December 2010."

Between mid-caps, Cable & Wireless Communications grew 9pc after saying that it would sell its operating activities in Bermuda for Bragg group at Canada for $70 m, as he Redesigns its Caribbean operations to combat a weakness of the economy and strong competition.

am 8.40: Blue-chips return waybill

The FTSE 100 index benchmark slipped 0 45pc at 5969.83 in the opening up of markets.

Barclays has riser grand in the 'f?tsi?, increase of nearly $ 1. 5pc 326.55 p after US federal judge held 2008 transaction the British Bank to buy a large portion of the Lehman Brothers U.S. operations was fair treatment.

Other banking stocks also received a lifting device. HSBC reaches 0 93pc 705.5 p, then RBS increased 0 71pc to 48.04%.

Paris CAC 40 lost 0 4,044.53 14pc and DAX 30 Frankfurt decreased by 0 32pc at 7,295.12.

6 h: China bucks Asian trend

Asian markets fell as violence has intensified in Libya and the price of crude oil increased, raising concerns that may slow the global economic recovery.

At Japan, the Nikkei 225 Stock average closed 0 8pc 10,579 at its lowest level since February 4.

Toyota, more big car manufacturer in the world, fell 1. 2pc, while Mitsubishi, Japan most traded Bank decreased by 1. 1pc.

Hong Kong stocks fluctuated airlines decreased after the political unrest in the Middle East has spurred prices for oil and as property developers acquired.

Hang Seng index slid from 0 43pc to 22,891, as cathay pacific airways sank 2 2pc on speculation fuel costs will increase.

Went to during this time, China backwash general trend markets, investors seeking producers of gold as a hedge against rising inflation.

The Composite index of Shanghai, which ensures greater China Awards, 2.8 points added or 0 1pc with 2,858.32.

Overnight on Wall Street, the Dow Jones industrial average closed 1. 44pc at 12,212.79.

Wednesday market report

The price of oil soaring destabilize nervous market

Tuesday market report

Fears of Defence established spending squeeze on BAE

FTSE today: report - the market here on February 22, 2011.

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