You are using an older browser version. Please use a supported version for the best MSN experience.

Outsourcer Capita leads FTSE gainers

Do Not UseDo Not Use 10/05/2016
City traders © Getty Images City traders

(Noon): London's FTSE 100 extended gains in midday Tuesday trading.

Outsourcing firm Capita rose further, to stand 5.6% higher after a reassuring trading statement.

The company, which in February warned of lower margins, said it was on track to meet expectations for 2016 revenue growth. The statement was described as "unusually numbers light" by one broker.

The FTSE 100 was up 48.31 points at 6,163.12.

Official trade figures, showing the biggest gap in eight years, failed to dampen any spirits.

Shares in Easyjet, which reported a loss - largely thanks to adverse currency movements - reversed an earlier 0.4% fall to add another 2% rise to its 3.8% advance on Monday.

Barclays was the second biggest riser, up by more than 3%.

There was the usual volatility in mining stocks. On Monday the index was dragged down by these with Anglo American losing 13.8%. Morning Tuesday trade sees them recover 3%.

On the currency markets, the pound rose 0.15% against the dollar to $1.4428 and rose 0.28% against the euro to €1.2693.

More From Do Not Use

image beaconimage beaconimage beacon