Lehman Preferred Series "J" Preferred (fka LEHJQ)

[xristosx]

U.K.’s FTSE 100 Index Climbs for Fifth Day, Erases Lehman Losses

December 29, 2009, 03:17 AM EST MORE FROM BUSINESSWEEK




By Adam Haigh

Dec. 29 (Bloomberg) -- U.K. stocks advanced for a fifth day, becoming the first equity market among the biggest developed economies to recover its loss from Lehman Brothers Holdings Inc.’s collapse.

The FTSE 100 Index rose 0.6 percent to 5,436.93 at 8:01 a.m. in London, which would be the highest closing level since Sept. 12, 2008, the last session before Lehman filed the world’s biggest bankruptcy. The Standard & Poor’s 500 Index in the U.S. and Japan’s Nikkei 225 Stock Average must rally 11 percent and 15 percent, respectively, to rebound from their retreat.



Link to Company News:{LEHMQ US <Equity> CN <GO>}




To contact the reporter on this story: Adam Haigh in London at [phone] or [e-mail]



To contact the editor responsible for this story: Andrew Rummer at [phone] or [e-mail]