Marconi leads FTSE 100 moderately higher

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A reasonable day's trade from the US yesterday lifted UK sentiment this morning. The FTSE 100 was mo...

A reasonable day's trade from the US yesterday lifted UK sentiment this morning. The FTSE 100 was moderately higher boosted by a rally from Marconi and strength in telecoms and technology. The FTSE 100 added 46.5 points to 5709.8. In the UK Marconi led the risers with a gain of 21.5p to 331.5p. The city has reacted favourably to the group's announcement that it is to cut 3,000 jobs in the next 12 months and operating profits will come in within expectations at around £800m. Telecom equipment tester Spirent, rallied from yesterday's falls, in sympathy and gained 20p to 325p. ...

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