Telecom stocks managed to keep the FTSE buoyant after strong news from the German market gave analys...
Telecom stocks managed to keep the FTSE buoyant after strong news from the German market gave analysts and investors hope the sector could be set to turn around. Siemens and Deutsche Telekom both announced positive sales and subscriptions this morning, lifting companies such as Vodafone, ARM Holding and Logica who all benefit if interest in text messaging increases. The FTSE 100 climbed for the first time in seven days by 13.1 points to 5140.70, led by Vodafone which closed up 2.9% to 167.5p, Arm climbed 2% to 332p and Logica, whose software is used for wireless text messaging, rose 1...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
