FTSE 100 up after last week's falls

FTSE 100 rises touch on opening - but climb to be long and hard

FTSE 100 rises after early falls but global market turmoil continues

The FTSE 100 regained ground late this morning after initially falling by around five per cent. Asian markets also gained after early falls but investors fear further US falls when Wall St opens in a few hours.
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Sainsbury's has revealed that its profits are up by 6.6 per cent due to cost-cutting and carefully-targeted marketing campaigns.

Monday, 07 July 2008 12:00

The FTSE 100 rose in early trading this morning - up 0.27 per cent - after last week's losses.

At 9:27 BST the index stood at 5,427.40 - losing some initial opening gains.

Carphone Warehouse led the rises - up 5.42 per cent to 188.70p - followed by Invensys and Amec, up 3.23 per cent and 3.16 per cent respectively.

Amec rose after Citigroup upgraded the stock to 'buy'' from 'hold', declaring management targets as being too cautious.

Intercontinental Hotels rose 2.36 per cent and Rolls Royce group climbed 2.23 per cent.

Meanwhile, Royal Bank of Scotland led the losers, falling 4.39 per cent.

Marks & Spencer - following last week's falls - was down 3.41 per cent, while miners Rio Tinto and BHP Billiton fell 2.96 per cent and 2.1 per cent respectively.

Wolseley dropped 2.08 per cent - as confidence in construction waned further.