Gains narrowed on the FTSE 100 today, with the blue-chip index closing ahead 21.2 points at 6,451.3 after disappointing US economic reports.
early session gains
Fears that time has run out for US politicians to hammer out a deal to avoid a so-called fiscal cliff sent world markets into the red once more today.
Chancellor George Osborne failed to spook investors today despite telling austerity-weary Britons to brace themselves for more spending cuts.
The FTSE 100 Index staged a late turnaround today after early session gains on Wall Street helped offset uncertainty over a deal to rescue the Greek economy.
BAE leapt to the top of the FTSE 100 Index risers' board today after an 11% shares boost, up 34.9p to 363.6p, following news of the possible tie-up merger with aerospace group EADS.