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The Guardian - UK
The Guardian - UK
Business
Alex Hawkes

Public finance numbers calm market

The positive public finance figures seem to have stabilised the market a bit this morning. From a situation where the FTSE 100 was 90 points down and not a single stock was in positive territory, we now have four risers and a fall of 70 points.

The Treasury said this morning that it had recorded a bigger-than-expected seasonal surplus in its public sector net borrowing.

The shares that are up now are Wolseley, Scottish and Southern Energy, Land Securities and Royal Bank of Scotland.

Wolseley was up about 15p, to £21.15, the biggest climber.

The volatility index has also calmed a little - just 12% up from the 14% rises we were seeing earlier.

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