Market breaths a sigh of relief as FTSE closes up

The FTSE 100 rallied off yesterday's declines and put in a solid performance today on the back of decent gains for technology and telecom stocks. The US prompted the performance following better-than-expected results from Motorola and Yahoo as well as bullish news from Microsoft yesterday. To bolster buying in the UK, Wall Street was trading impressively higher at midday in the US. The FTSE 100 finished the day up 89.7 points to 5481.6. Leading the FTSE 100 risers was chip developer ARM, up a decent 27p to 232p followed by Misys up 34p to 445p. Losses among the FTS...