Despite the wobbly knees in the City over the initial public offering market following Punch Pubs' d...
Despite the wobbly knees in the City over the initial public offering market following Punch Pubs' decision to withdraw an IPO at the last second, and Marconi's record losses announced yesterday, the FTSE 100 index is up by 24 points today to 5,272 on the back of strong showings in the telecoms, oil and banking sectors. The market here got a boost from the news across the Pond that Dell Computer is expecting second quarter earnings to exceed analysts' expectations. As Dell is the world's second biggest maker of PCs, this is seen as further evidence of improving corporate earning...
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