LONDON, March 5 Britain's top shares rose on
Tuesday, recouping the previous session's losses as investors
digested a wedge of corporate earnings newsflow, with John Wood
Group among the top gainers after its full-year results.
The UK blue chip index was up 40.94 points, or 0.7 percent,
at 6,386.57 by 0808 GMT, having dropped 0.5 percent on Monday,
with fresh assurances of accommodative monetary policy from the
Federal Reserve lifting sentiment.
"Central banks are protecting the downside for now but the
question is for how long," said Lex van Dam, hedge fund manager
at Hampstead Capital, which manages around $500 million assets.
He did, however, say he was not keen on buying the dips, for
Janet Yellen, the Federal Reserve's influential vice
chairwoman, helped buoy Wall Street on Monday when she said the
U.S. central bank's aggressive monetary stimulus is warranted.
John Wood Group advanced 3.8 percent after the energy
services firm unveiled posted a 35 percent jump in profits.
(Reporting by Tricia Wright)