London shares up as Wall St climbs, WPP slips after Grey deal
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Blue chips closed comfortably higher, lifted in late afternoon trade by a positive early performance by Wall Street, while a firm media sector and recovering oil stocks also boosted the FTSE 100, dealers said.
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London shares closed higher as Wall Street remained firm after a slew of companies reported upbeat earnings, with UK miners helping to fuel the blue chips.
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London equities rebounded from losses in morning trading, with financials staging a partial recovery from the sell-off triggered by the heavy losses on Wall Street overnight.
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U.S. stocks rose on Thursday, extending a rebound from last week's sharp sell-off, as investors snapped up financial shares and strong monthly sales from key retailers overshadowed concerns about the subprime mortgage lending market.
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UK blue chips closed stronger today, just off the late afternoon peak lifted by a rally from hard-pressed banking issues, with Wall Street pushing higher in morning deals following better than expected numbers from Lehman Brothers, and ahead of a likely Fed interest rate cut later today.
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London shares opened sharply higher on Friday with only a handful of stocks trading in the red after the Dow closed at a record high overnight.
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Wall Street was set to open higher on  Monday, with advertising group Grey Global GREY.O in the  spotlight after a UK rival agreed to a $1.31 billion deal to  buy the company, while investors will be eyeing higher oil  prices and awaiting economic releases later in the week.
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Stocks rose on Thursday after reassuring results from Oracle Corp  and a higher earnings outlook from Qualcomm Inc  helped to lift the technology sector.
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U.S. stocks rose  on Tuesday as  better-than-expected corporate results lifted the mood on Wall  Street and investors bought shares a day after major indexes  hit November lows.
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Stocks rose on Thursday, with technology shares gaining after reassuring results from Oracle Corp  and a higher earnings outlook from Qualcomm Inc .
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London stocks moved higher on Tuesday as surprisingly weak UK inflation data raised hopes that interest rate cuts were still on the agenda.
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London equities extended their gains by midday, as fears of an economic recession in the US eased and investors&#39; confidence returned to financial and resource stocks.
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London equities made strong gains on Wednesday, with every FTSE 100 constituent  rallying, after strong overnight gains on Wall Street followed news of the Federal Reserve&#39;s 50 basis point cut in US rates.
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European stocks have nudged upwards in morning trading, with London's FTSE index of 100 leading shares climbing 0.10 percent to 6,128.30 points.
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Stocks edged higher on Tuesday as news of planned mergers and acquisitions underpinned optimism about the equities outlook after the long weekend.
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A strong rally on US and Asian markets overnight boosted the FTSE on Thursday.
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London shares made strong gains in early trade on Tuesday, boosted by a rally on Wall Street overnight and led by mining stocks as metal prices continued to rise.