TMT drives FTSE higher

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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...

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