The UK benchmark index has climbed marginally higher this Thursday, continuing to find support in a weaker pound, which benefits FTSE 100 stocks with international exposure. In individual movers, Pearson (LON:PSON) has climbed to the top of the blue-chip leaderboard after JPMorgan lifted its valuation on the troubled publisher.
FTSE 100 steady
As of 12:17 GMT, the Footsie had added 9.33 points to stand 0.13 percent higher at 7,357.36. The index has been propped up by a weaker sterling, with the pound subdued amid uncertainty over the ongoing Brexit talks, and particularly lack of progress on the Irish border dispute.
“We remain in somewhat of a stalemate position,” wrote Deutsche Bank strategist Jim Reid, as quoted by Reuters, adding however that he believed “the prior deadline of achieving a breakthrough this week now seems more flexible”.
Miners meanwhile have been sold off, tracking copper prices lower. Anglo American (LON:AAL) has been the sector’s biggest faller so far today, having given up 1.81 percent to 1,328.00p.
Pearson has been one of today’s most prominent FTSE 100 risers, benefitting from a valuation upgrade at JPMorgan Chase & Co. The analysts, which have a ‘neutral’ rating on the troubled publisher, lifted their price target on the stock from 671p to 740p. Pearson’s share price currently stands 2.23 percent higher at 737.08p.
Shares in Rolls-Royce Holdings (LON:RR) meanwhile are trading marginally lower as Air New Zealand unveiled that it was cancelling and delaying some flights due to problems with some of the UK group’s engines. Rolls-Royce’s shares are changing hands 0.05 percent at 840.00p.
The FTSE 100 was 0.04 percent up at 7,351.25 points as of 12:42 GMT on Thursday, 07 December 2017.