Stock watch

The FTSE 100 closed down 57.4 points on Friday at 5707.6.

The FTSE 100 closed down 57.4 points on Friday at 5707.6.

On the upside, power generator Drax Group rose 8p to 867p on news of fund managers increasing their stakes in the stock.

Oil giant BP climbed 2.5p to 643.5p as crude oil traded higher as a result of rising geo-political tensions.

Elsewhere supermarket Tesco increased 2.25p to 347.25p and insurer Aviva stopped recent losses by closing up 5p at 695p.

On the downside, commercial broadcaster ITV dropped 3.5p to 96.5p after a broker downgrade.

Plumbing supplies firm Wolseley slumped 27p to 1122p on concerns of a slowing US housing market. Meanwhile miner Rio Tinto finished down 86p at 2726p.

Ian McElroy Associate Director - Investment Manager, Gerrard Investment Management Limited.

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