14/05/14 Market Movements

Market news

The FTSE100 closed up 5.41 points at 6,878.49 as Mark Carney’s comments helped erase an early FTSE100 decline.

Carney stated that the BOE perceives inflation staying close to its 2% target over the next three years, and suggested record-low interest rates may remain unchanged the second quarter of 2015.

Earlier In the day, ITV Plc suffered its biggest daily share price slump since September 2011 after saying the viewing figures for its network of channels was lower in the first quarter than expected. ITV eventually closed down 6.23% at 179.10p.