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London open: Markets open higher as surge continues

Mon 20th May 13, 08:4

London's benchmark index was trading at levels not seen in over a decade on Monday morning, boosted by record closing prices in the States on Friday on the back of an improved outlook for the global economy.

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Market overview: Stocks start slightly higher

0851: UK stocks have begun the day slightly higher. Bank of England Deputy Governor Paul Tucker is due to speak at 8.00 this morning to the International Association of Restructuring, Insolvency and Bankruptcy in the Netherlands. There are no data releases scheduled for today. FTSE 100 up 11 6,734. 26 minutes ago

James Fisher and Sons wins contract with Dounreay Site Restoration

James Fisher and Sons (JFS) has scored a two-year contract to support Dounreay Site Restoration (DSR) with the world's deepest nuclear clean-up project. 44 minutes ago

Italy still stronger than Spain, says Moody's

Moody's Investors Service still sustains that Rome's stronger public finances are one of the key reasons for maintaining Italy's 'Baa2' sovereign rating one notch above Spain's 'Baa3'. 50 minutes ago

Record Ryanair profit as passenger numbers grow

Discount airline Ryanair revealed record annual profit, despite higher oil costs, as it added new routes and new aircraft. 51 minutes ago

Market overview: FTSE races past 2007 highs

0820: It's proving a strong start to the week with the FTSE racing past 2007 highs of 6,732, boosted by strong US data at the end of last week and led by RBS, which was making headlines this morning after plans to sell the government's stake in the part-nationalised lender came under fire. Leading the way in the opposite direction was ENRC, which has confirmed that the indicative proposal made by a consortium last week had envisaged an offer of 175p per share in cash and 0.231 of an existing Kazakhmys shares for each ENRC share. The FTSE is up 12 points at 6,735. 1 hour ago

Great Portland Estates pre-lets London offices to Bird & Bird

Great Portland Estates (GPE) has pre-let its new development 12/14 New Fetter Lane, London, to law firm Bird & Bird. 1 hour ago

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