The FTSE 100 posted a decent rise at midday boosted by the US's solid Nasdaq finish yesterday. Fu...
The FTSE 100 posted a decent rise at midday boosted by the US's solid Nasdaq finish yesterday. Further optimism was generated by the imminent prospect of a Federal Reserve interest rate cut in the US today. Tech and telecom stocks littered the risers table. The FTSE 100 rallied 87.3 points to 5638.9. Leading the FTSE 100 risers was telecom group Telewest with a rise of 9p to 125p. Telecom equipment supplier Marconi followed with a gain of 24p to 388p. Yesterday, Marconi slumped to levels unseen since October 1998 after its US peer Corning issued a profit warning. But Corning actu...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
