The FTSE 100 index shot up by 176.10 points to 3,953.40 by the close, fuelled by further positive re...
The FTSE 100 index shot up by 176.10 points to 3,953.40 by the close, fuelled by further positive reaction to earnings figures from the world's largest company General Electric and gains by technology stocks after analysts forecast increase spending on tech over the next two years.
The FTSE 100 gains were felt across the board, with oil, financial services, supermarket, and aerospace and engineering stocks among the winners.
Schroders non-voting shares gained 52p or 13% to 450p to put them at the head of the pack.
However, it was BP and Vodafone vying for the honours of adding most points to the index, with BP registering a 15.5p gain to 427.5p and Vodafone gaining 5.25p to 97.5p.
Even Reuters, a stock that has been caned recently and itself been warning of a long slog back to profits growth gained 2p to 190p.
Just two stocks made losses by the close.
Scottish & Newcastle breweries shed 2.5p to 522.5p, while Scottish & Southern Energy dropped 16p to 630.5p
The mid-cap FTSE 250 index also gained, moving up 97.5 points to 4,186.8 after gains by telecoms and media stocks.
Spirent jumped 4.25p to 10p after heavy buying by directors, and Carlton Communications moved up 15.5p to 128.5p on the news of its merger with Granada.
However, there were more losers among the mid-caps then among blue-chip peers, with Amey tumbling 9p to 59.5p after announcing its commitment to cut costs by cutting the number of tender bids it enters.
Trading in New York was brisk this afternoon, as the Dow Jones Industrial Average moved up 230 points to 7,763 just after London markets closed.
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