Johnson Matthey was among the top performers on Friday as the FTSE 100 inched to its highest closing level in more than a year.
The catalytic converter maker gained 2.4 per cent to £15.58 after Merrill Lynch added the stock to its “buy” list, saying full-year results due on November 25 “should mark the trough in earnings”. Merrill highlighted October auto sales data from India and China, showing year on year growth of 34 per cent and 77 per cent respectively.
