FTSE holds above 4,000

For the second time in two weeks the FTSE 100 index held onto gains to close above the 4,000 points level – it closed up 36.10 points at 4,011.10. The UK market followed the lead set by Germany's Deutsche Telekom and E.ON, Europe's largest and second largest telecoms and energy companies, which reported surprise profits. Rising shares in the UK helped Legal & General surge 7p to 86p. 3i, Europe's biggest venture capitalist managed a 38.25p gain to 522p after its results for 2002 showed that it made more money from selling stakes than it spent on new investments – a sign...