Powell's Iraq speech fails to hinder telecoms stocks rally

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After early falls in the day, the FTSE 100 surged, closing at its highest point today at 3678.7, u...

After early falls in the day, the FTSE 100 surged, closing at its highest point today at 3678.7, up 88.6 points, driven by a strong session from telecoms stocks and the insurance sector. Vodafone rose 5p to 112p at close today after confirming it was in talks to sell its fixed-line operations in Japan, which could fetch around £1.5 billion. mmO2 was also up 2p to 48.5p after yesterday's announcement of strong subscriber and revenue growth figures and revelations that it is in talks with more than one unidentified party about a possible sale of its Netherlands unit. BT ...

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