London’s markets saw gains as well, with the FTSE 100 adding 0.54 percent to 6,535.2 and the FTSE 250 was up 1.15 percent to 11,360.2.

Northern Rock (LSE: NRK) led the 100 with a gain of 11.95 percent to 151.8p on rumors that a US private equity group has arranged funding for a possible takeover.

Alliance & Leicester (LSE: AL) was also higher, adding 7.06 percent to 880p.

But the banking sector was not universally higher.

Merchant bank Close Brothers Group (LSE: CBG) was down 3.47 percent to 794p for the worst day on the 250.

The insurance sector was also mixed.

While Old Mutual (LSE: OML; JSE: OLOML) was up 4.74 percent to 168p, Royal Sun & Alliance (LSE: RSA) was 1.73 percent lower to 153.1p.

Other gainers included house builders Taylor Wimpey (LSE: TW), which added 4.16 percent to 300.75p, and pubs operator Punch Taverns (LSE: PUB) with a gain of 3.87 percent to £10.46.

PartyGaming (LSE: PRTY) was 7.83 percent higher to 31p to lead the 250 on the session.

The worst performance of the day on the 100 came from the telecommunications sector as Vodafone (LSE: VOD; NYSE: VOD; FWB: VOD) dropped 2.51 percent to 171.1p.

Elsewhere in the sector, Cable & Wireless (LSE: CW) was 1.65 percent lower to 185.2p.

Retailers had a difficult day of it.

Sporting goods retailer Sports Direct (LSE: SPD) fell 3.43 percent to 133.75, while Carphone Warehouse (LSE: CPW) was down 1.52 percent to 340.75p and Home Retail (LSE: HOME) was 2.27 percent lower to 398.25p.

London’s equities markets were mixed Thursday.

While the FTSE 100 added 0.91 percent to 6,363.9, the FTSE 250 was down 0.42 percent to 11,172.4.

The biggest gainers on the session on the 100 were in the mining and telecommunications sectors.

Among miners BHP Billiton (LSE: BLT; NYSE: BHP; ASX: BHP) was 2.61 percent higher to £14.94 and Anglo American (LSE: AAL) gained 3.27 percent to €29.08, while Lonmin (LSE: LMI) added 3.66 percent to £34.26.

The mining gains came on higher base metals prices.

In the telecommunications sector, BT Group (LSE: BT.A; NYSE: BT) was up 2.9 percent to 319p, while Cable and Wireless (LSE: CW) was the best performer on the 100 with a gain of 4.5 percent to 174.3p.

The biggest winner on the 250 was in the financial services sector, where Ashmore (LSE: ASHM) added 6.48 percent to 263p.

Elsewhere in the sector, Bluebay (LSE: BBAY) was 2.98 percent higher to 380p.

Also gaining on the 250 were construction engineers Keller Group (LSE: KLR), up 3.92 percent to £10.88.

In the oil sector oil, gas and coal services group Petrofac (LSE: PFC) added 3.47 percent to 462p.

The worst performance on the 100 came from the banking sector, where Northern Rock (LSE: NRK) dropped 4.91 percent to 639p.

Still among banks, Alliance & Leicester (LSE: AL) was down 2.7 percent to 937.5p.

Property developer British Land (LSE: BLND) fell 1.88 percent to £12, while in the pharmaceuticals sector Shire was 2.5 percent lower to £12.46.

Sports retailer JJB Sports (LSE: JJB) dropped 4.37 percent to 164p, while human resources group STHREE (LSE: STHR) fell 5.34 percent to 323.5p.

The London markets did not decline as much as the continental European markets did on Friday, but they were down as well.

The FTSE 100 fell 0.83 percent to 6,585.2, while the FTSE 250 dropped 0.51 percent to 11,819.4.

Gainers on the day included insurer Friends Provident, which had the best day on the 100 as it added 4.25 percent to 186.4p.

On the 250, consumer goods group SSL International (LSE: SSL) did the best, gaining 3.99 percent to 469.25p.

Other advances on the day included aerospace and defense group BAE Systems (LSE: BA; OTCBB: BAESY), which was up 1.6 percent to 428p.

Imperial Tobacco (LSE: IMT) was 1.11 percent higher to £22.78, while British Energy (LSE: BGY) gained 0.86 percent to 527.5p.

Off of the major indices, software company iSoft (LSE: IOT) added 19 percent to 65.5p after it received a bid from German computer information systems group CompuGroup (FWB: COP).

Miners were mixed on the session, with Antofagasta (LSE: ANTO) up 1.45 percent to 736p but Lonmin (LSE: LMI) was 2.72 percent lower to £36.85.

The biggest loser on the day on the 100 was Cable and Wireless (LSE: CW), which fell 3.6 percent to 182p on shareholder protests over executive pay.

British Airways (LSE: BAY; NYSE: BAB), meanwhile, dropped 2.83 percent to 420p on reports that the current stringent airport security measures could remain in place for the foreseeable future.

Asset management group Bluebay (LSE: BBAY) was the worst performer on the 250 as it dropped 4.91 percent to 430.75p.

Auto insurer Admiral Group (LSE: ADM) was 4.85 percent lower to 819p, while internet gamer PartyGaming (LSE: PRTY) fell 4.58 percent to 31.25p.

Records were set Tuesday in London as both the FTSE 250 and the FTSE All-Share hit new record highs and the FTSE 100 closed at its highest level in six years. The 100 added 0.4 percent to 6,346.3, while the 250 was 0.6 percent higher to 11,479.4 and the All-Share gained 0.5 percent to 3,290.67.

Defense contractor BAE Systems added 2.8 percent on the session to 439¼p after US President George W. Bush asked for record defense spending in his 2008 budget, delivered to Congress on Monday.

Imperial Tobacco added 1.3 percent to £22.14 even though it was the target of a Deutsche Bank downgrade after rumors surfaced that it might receive a bid from Altadis of Spain in cooperation with private equity.

Supermarkets were higher on raised target share prices from UBS and on a report that a group of investors from Qatar had taken a 1 percent stake in J Sainsbury. Sainsbury was 1.3 percent higher to 516 on the report. Tesco added 1 percent to 438½p as UBS hiked its target share price to 550p, while Wm Morrison added 2.6 percent, to a new record share price of 311p, after its target was raised to 360p.

In the telecommunications sector Cable & Wireless gained 3 percent to 179½p, its highest share price in four and a half years, on reports that it could be a target of Deutsche Telekom. Analysts were not convinced of the rumors in the German press, saying that DT is in no position to make offers currently.

Both the FTSE 100 and the FTSE 250 were higher in London on Monday. The 100 added 0.1 percent to 6,317.9 on gains in the oil and telecommunications sectors, while the 250 gained 0.6 percent to 11,406.5.

In the oil sector, BP was 1.2 percent higher to 541½p on an upgrade to “buy” from Goldman Sachs before the oil company presents its full-year report on Tuesday. It was rumored that BP could announce a big increase in dividends when it presents its report. Elsewhere in the sector, Royal Dutch Shell gained 1 percent to £17.24.

In the telecommunications sector, Cable & Wireless added 1.6 percent to 174¼p on a target share price of 200p from Credit Suisse. C&W has gained 60 percent since June 2006. BT Group also received positive broker comment in the form of a repeat of a “buy” rating from Citigroup, which also raised the telecom’s target share price from 315p to 335p. The remarks and upgrade sent BT 1.2 percent higher to 315¾p.

Johnson Matthey, which has interests in both precious metals and pharmaceuticals, added 6.1 percent to £15.83 on an upgrade to buy from UBS, which also set a target share price of £18. In a lengthy report, UBS said that JM will likely see five years of earnings growth in double digits, mostly from growth in its autocatalyst division as the US and Europe set higher emissions standards on diesel vehicles, as well asl from a new prostate cancer drug which is currently in the final stages of clinical trials.

In London on Wednesday equities markets were lower, with the FTSE 100 down 0.6 percent to 6,160.7 and the FTSE 250 also 0.6 percent lower, to 11,086.

Publishers, however, did well on the session. Reed Elsevier added 1.2 percent to 582p on comments from Credit Suisse that indicated the Anglo-Dutch publisher could be the target of a leveraged buyout. Yell Group, Yellow Pages publisher, was 2.1 percent higher to 578p on mixed remarks from brokers.

In the media sector, BSkyB also benefited from broker comments, adding 1.9 percent to 582p after Tuesday’s upgrade from Morgan Stanley.

Foods retailer Wm Morrison was also higher on the session, adding 6 percent to 286¼p on better sales than expected during the holiday period.

The tobacco sector was mixed. Imperial Tobacco dropped 0.1 percent to £20.80, but British American Tobacco gained 2.2 percent to £14.91 on positive comments from Dresdner Kleinwort.

Telecommunications companies saw declines. BT was 1.2 percent lower to 316½p on a downgrade from Investec, while Vodafone dropped 2.5 percent to 145¾p and Cable & Wireless fell 2.9 percent to 156¾p.

Pubs operators were lower after the chief executive of Enterprise Inns said that the introduction of real estate investment trusts would not likely provide any benefit to shareholders in the short term. Enterprise dropped 2.1 percent to £12.99, while Punch Taverns fell 3 percent to £12.14.

The London equities markets were higher on Wednesday after Wall Street opened strongly, with the FTSE 100 up 0.6 percent higher to 5,866.2 and the FTSE 250 adding 0.5 percent to 9.791.1. The energy sector, however, didn’t share in the gains.

British Energy was 1.4 percent lower to 574p, on top of an 8.3 percent decline on Tuesday, as it became clear that the nuclear power generator will not be able to shed any more light on its dividend policy should the government delay its plan to sell its stake in the power company. The government owns 65 percent of BE. Meanwhile, Drax Group, the coal-power generator, dropped 2.4 percent to 835p as Goldman Sachs added it to its sell list.

Also lower was RHM, which fell 1.6 percent to 284½p after a downgrade from Credit Suisse to “neutral” on concerns that the baker will not be able to pass on higher raw materials costs to consumers.

Online gamer PartyGaming dropped 1.9 percent to 101p on a downgrade to “reduce” from UBS, which also cut the internet gambler’s target share price from 135p to 75p.

In the steel sector, Corus Group added 2.8 percent to 369¾p on an upgrade to “overweight” from Morgan Stanley, saying it expects the steel maker to make a deal soon with a low-cost producer of slab steels that could add over 100p to its share price.

British Airways gained 4 percent to 437¾p, a five-and-a-half year high, as crude oil prices continued to decline.

In the telecommunications sector, meanwhile, Cable & Wireless was 3 percent higher to 129¾p ahead of a Thursday presentation on its international operations.

The London equities markets were mixed on Wednesday. While the FTSE 100 lost early gains to end the session 0.1 percent lower to 5,892.2, the FTSE 250 added 0.6 percent to 9,669.2.

The leisure tours and travel sector was lower on the session. First Choice Holidays was down by 3.9 percent to 208¼p. Meanwhile, My Travel Group dropped 6.3 percent to 188p, for the 250’s biggest loss on the session, after issuing a profits warning. In addition, UBS put 13 million shares of My Travel Group up for sale for an institutional client.

Retailers saw gains, however. Next added 7.6 percent to £18.34, a new record high for the clothing retailer, on the news that its half-year report exceeded analyst expectations. This news also helped Marks & Spencer, which gained 2.6 percent to 611p.

Also ahead on the day was AWG, Anglian Water’s parent company, which was 3.3 percent higher to £13.62 on bids rumors. ICI gained 0.7 percent to 378¼p after there was talk that it could be considering a bid for rival specialty chemicals company Clariant.

Cable & Wireless added 1.2 percent to 128½p in anticipation of good news from its international division in a report due next week.

The London equities markets saw declines on Monday as oil and miners were both lower on declining prices. The FTSE 100 dropped 0.5 percent to 5,850.8, while the FTSE 250 was 0.9 percent lower to 9,523.1. Volume was low, with only 2 billion shares trading hands.

The oil sector was down as crude oil prices continued to decline. BP ended the session at 583p, 1.3 percent lower, while BG Group dropped 2.6 percent to 659½p. Among mid-cap oil companies, JKX Oil & Gas declined 6.8 percent to 258¼p.

Miners were lower as well, as investors continued to worry that interest rates in China would be raised in order to slow growth there. BHP Billiton was 4.9 percent lower to 934p, Vedanta Resources dropped 6.2 percent to £12.39, and Aquarius Platinum fell 10.1 percent to 841½p.

In the retail sector, Next was 1.1 percent lower to £17.09 on doubts that rumors on Friday that private equity firms were interested in bidding would end up producing anything concrete.

The telecommunications sector did better on the session. Vodafone, with its Vodafone Italia division its second most lucrative asset, was 1.9 percent higher to 114¾p on the news that Telecom Italia’s board had met to consider restructuring that could include the sale of its wireless business. BT Group added 1.9 percent to 253¼p after it won a contract to provide Vodafone’s UK customers with broadband internet. Cable & Wireless, which was also in the running for the Vodafone contract, was still up 0.2 percent to 125½p.

London equities markets were lower again on Friday. After gains early in the day, the FTSE 100 ended up 21.9 points lower at 5,597.4 as miners lost value on China’s steps to slow down economic growth. Meanwhile, the FTSE 250 dropped 8 points to end the day at 9,093.8. Over the week, the 100 lost 1 percent, while the 250 actually managed to gain 0.8 percent.

The 100 will lose three stocks beginning Monday, and all three were lower. Ladbrokes dropped 3.4 percent to 372¼p, while Daily Mail and General lost 2p to 600 and Cable & Wireless fell ½p to 109½p.

In the utilities sector, Scottish Power added 3.9 percent to 577½p for the largest gain on the 100. Most analysts put the gain to a positive evaluation of its PPM Energy division, which is the second biggest wind farm operator in the United States. Others said that it was helped by bid talk, as rumor had it that Scottish & Southern Energy is preparing an offer. Scottish & Southern added 0.2 percent to £11.13.

Retailer Marks & Spencer was up 3.3 percent to 573p on a “buy” recommendation from Deutsche Bank after having lost 13 percent in the past month. Also in retail, supermarket chain William Morrison added 2.4 percent to 199¼p and 50 million shares changed hands as bid rumors circulated.

In the mining sector, Rio Tinto dropped 1 percent to £27.17, while BHP Billiton declined by 2.2 percent to 960p.