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MEGGF Meggitt Plc (CE)

8.87
0.00 (0.00%)
14 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Meggitt Plc (CE) USOTC:MEGGF OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 8.87 0.00 01:00:00

LONDON MARKETS: FTSE 100 Moves Toward Small Weekly Gain

05/12/2014 9:21am

Dow Jones News


Meggitt (CE) (USOTC:MEGGF)
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By Carla Mozee, MarketWatch

LONDON (MarketWatch) -- U.K. stocks rose Friday, with gains for the majority of sectors nudging the FTSE 100 toward a modest advance for the week.

The FTSE 100 was up 0.7% to 6,727.08, with only basic materials as a group moving lower. Mining firm Randgold Resources Ltd. fell 1.5%, Rio Tinto PLC (RIO) shed 0.6%, and copper producer Fresnillo PLC was off 0.3%.

But the best performers included Intertek Group PLC , as its shares rose 2.9%. UBS raised the product-testing and certification company to a buy rating from neutral, citing "attractive risk/reward with M&A providing further upside optionality."

Shares of Meggitt PLC gained1.9% following an upgrade to buy at Investec for the aerospace equipment maker.

The FTSE 100 was looking at a weekly gain of 0.1%.

The equity benchmark on Thursday lost 0.6%, falling alongside the broader European stock market after the European Central Bank decided to hold off on expanding stimulus measures for the struggling eurozone.

A Bloomberg report late Thursday raised fresh hopes about European Central Bank stimulus plans, as it said the central bank expects to consider a proposal for broad-based asset purchases in January. U.S. stocks climbed to intraday highs following the report before finishing with small losses.

Investors later in the session will look for U.S. jobs data, with analysts expecting, on average, the creation of 235,000 jobs in November.

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