Wednesday May 14, 05:03 PM
London shares close flat; strong miners offset weak banks; NY ahead
LONDON (Thomson Financial) - Leading shares closed flat, as solid trade on Wall Street after below-forecast inflation figures and a buoyant UK mining sector amid sector consolidation hopes offset a weak banking sector following Bradford & Bingley (LSE: BB.L - news) 's rights issue.
The FTSE 100 index closed 4.1 points higher at 6,216.0, having reversed from a peak of 6,253.1, with the FTSE 250 (news) index off 96.8 points at 10,275.3.
At the UK close, the DJIA was up 116.00 points at 12,948.20, the Nasdaq Composite (NASDAQ: news) index was 22.83 points firmer at 2,517.95, and the S&P 500 index added 10.43 points to 1,413.47.
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