Transport shares are in focus following an upbeat note on bus and rail companies from JP Morgan Cazenove.
It has upgraded both Go-Ahead - up 39p to £16.05 - and Stagecoach - 7.2p higher at 337.5p - from neutral to overweight, based on their exposure to the deregulated UK bus market and the benefits of the country's improving economy. There is also sizeable potential in their rail businesses, said the bank.
As for the rest of the sector, it repeated its overweight rating on FirstGroup, down 1.7p at 121.8p, but cut its target price from 143p to 137p. On Monday, FirstGroup was fined £75,000 after passengers were stuck on a train in London for more than three hours.
JP Morgan stayed neutral on National Express, up 1.9p at 276.7p, after the company's recent rally.
