MARKET WATCH

A heady week on the stock market saw the FTSE 100 index pass the 6000 mark for the first time. It opened on Tuesday at 5947, having reached 6023 the day before. Smaller and mid-cap companies have had a good run, with the FTSE 250 index reaching 5516, 3% up on a week ago. The […]

A heady week on the stock market saw the FTSE 100 index pass the 6000 mark for the first time. It opened on Tuesday at 5947, having reached 6023 the day before.

Smaller and mid-cap companies have had a good run, with the FTSE 250 index reaching 5516, 3% up on a week ago. The index has shown signs of a revival lately, recovering some ground lost in the past year.

Engineering stocks showed no signs of abating, despite fears over sterling, now at DM3.06, a nine-year high.

Cobham showed one of the biggest increases of any FTSE 250 company, pushing ahead 15.3% to 1036p. On Tuesday it opened at 1050p.

Among smaller companies, Rubicon closed at 195p, up 19.5% on the week after well-received full year results and the sale of two divisions to management. The stock is expected to rise more this week after a buy note from Williams de Broe.

TI Group shares hit 526p on Monday, up from 511p after full-year results and news of £600m available for acquisitions.

Specialist engineering group Metalrax, meanwhile, saw a 13% gain, with the shares closing at 94.5p after better than expected results and plans to buy back up to 10% of its shares.

BTR shares gained just over 4% to 198p, after £650m was achieved for two building materials offshoots.

Other rising stocks included Senior Engineering, up 2.5p at 177p, and British Aerospace, up 26p at 1963p.