Private wealth traders boosted by FTSE rise

Investors using their private wealth to trade on the stock market have seen the FTSE 100 rebound during morning trading today (April 29th).

The index has been boosted by strong quarterly results from a number of listed firms, after suffering earlier in the week due to the fallout of the escalating fiscal problems in Greece.

According to Reuters, it was up 0.6 per cent to 5,618.32 points by 09:35 BST, with satellite broadcaster BSkyB among the biggest gainers.

It rose 3.2 per cent after revealing it signed up 62,000 new customers in the third quarter of its financial year, thanks largely to the growing popularity of high-definition services.

In the financial sector, Standard Chartered, HSBC and Barclays were all higher, however there were falls for Royal Bank of Scotland and Lloyds Banking Group.

Diageo, the drinks producer, climbed, as did food group Unilever.

However, those trading on European markets saw stocks slide, with the FTSEurofirst 300 dipping 0.2 per cent to 1,054.81 points at 08:27 BST.ADNFCR-2318-ID-19750172-ADNFCR