Rate cut boost to corporate earnings

The Footsie was unable to maintain significant gains made earlier in the day but still closed up 20.50p at 5904.50. The rise was on the back of optimism US rate cuts will aid economic growth and help boost corporate earnings. Stocks to improve included ARM Holdings Plc, advancing on optimism it will benefit from new microchips being developed by Intel Cop., the biggest computer-chipmaker, analysts said. British Telecommunications said it will join with Intel Corp. to develop applications for high-speed services on mobile phones. BT shares advanced 10.5p to 534. The Dow Jones cli...