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UK Market Update : 
London: BP, British Air, Debenhams, Hiscox
Author: 123jump.com Staff
123jump.com
Last Update: 3:02 PM ET March 16 2010

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UK stocks edged higher after commodities rebounded. British Airways reach a settlement with the union on pension contribution commitment to finalize the purchase of Spain based Iberia. BP Plc takes a majority stake in the oilsands venture in Canada.

 
G4S Plc decliners in the FTSE 100 index with a loss of 3.16% followed by losses in Prudential Plc of 1.58%, in Petrofac Limited of 0.99%, in Compass Group Plc of 0.86%, and in Vodafone Group Plc of 0.80%.

British Airways Plc led gainers in the FTSE 100 index with a rise of 3.91% followed by increase in Legal & General Group Plc of 3.07%, in Eurasian Natural Resources Corporation Plc of 2.91%, in Randgold Resources Ltd. of 2.60%, and in Barclays Plc of 2.47%.




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