FTSE draws in bargain hunters

Following yesterday's 9-month low, gains by telecoms, banking and oil stocks led a 89.10 points rally in the FTSE 100 index today to 4,631 by the close. Mobile network operator MmO2 led the charge with a 2p rise to 39p, more than 5%. Lloyds TSB bounded up 27.5p to 660p, Shell gained 18p to 485p, and Vodafone was up 3.75p to 90.75p Pearson lost 20p however, down to 664.5p after it passed share price targets yesterday. In the FTSE 250 mid-caps sector, investors have warmed to Innovation Group's protests that earnings are not threatened by loss of a deal involving R&SA,...