They said it would never happen again, but the chic returned to TMT stocks today as they drove the F...
They said it would never happen again, but the chic returned to TMT stocks today as they drove the FTSE up 2.4 points to 4,225.90 by the close.
Granada added 5.75p to 110.5p on news that its merger with Carlton Communication is moving ahead, and that the two will fight hard to retain existing advertising structures.
BOC gained 44p to 887p as it rode a wave of investor buying around the world sparked by an upgraded earnings forecast from chip maker Intel. BOC's Edwards unit supplies specialist vacuum equipment used for keeping chip fabrication plants clean.
WPP added 8p to 578p after chief executive Martin Sorrell said the trough in the global ad market had been reached and he forecast improved earnings from here on.
BAA dropped 8p to 466p as its airports geared up for chaos caused by closed rail networks serving its airports on one of the busiest weekends of the year.
The FTSE 250 index hit another year high, gaining 23.2 points to 5,597.8.
Arm gained most, rising 7p to 107p on the news from Intel, even though the US firm said sales of chips for communications were not rising as fast as sales to PC makers.
Carlton Communication jumped 10.75p to 186.75p.
Sommerfield dropped 3.75p to 125p after Sainsbury announced it was dropping its bid for the supermarket competitor.
Big Food Group, formerly Iceland, dropped 6p to 103p.
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