Friday, 12 February 2010

Market overview: FTSE 100 up 29



15:15 Sainsbury's is now among the top risers in the FTSE 100 amid renewed talk that the Qatari sovereign wealth fund, which already owns 26% of the supermarket, is looking to do some kind of deal. Aero-engineer Rolls-Royce and medical devices group Smith & Nephew are currently jostling for top spot. Rolls posted a 15% improvement in 2009 revenues and S&N reported a 2% increase in full year sales and said is has seen signs that conditions in its markets are stabilising.

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