The FTSE 100 rose 39.4 points to 5178.4 on Wednesday. ICI and Vodafone led the risers with i...
The FTSE 100 rose 39.4 points to 5178.4 on Wednesday. ICI and Vodafone led the risers with impressive gains whilst at the other end of the index, CGNU and HBOS made equally impressive declines.
Gains were fueled by US Federal Reserve Chairman Alan Greenspan after he said the US economy is ``close to a turning point''. US factory order figures also came in which showed growth for a third month in four.
In the UK, Imperial Chemical Industries rose 8% to 290p. The chemical manufacturer was cheered by news its peer Clariant AG, the second-largest specialty chemical group, is expecting improved sales in the second half of this year.
Index heavyweight Vodafone gained 7% to 139p. The telecom colossus reassured investors after it said losses at its Japanese division won't impact its earnings.
HBOS fared poorly after it announced a share sale, the stock dived 8% to 740p. CGNU led the fallers with a decline of 10% to 717p after it cut its dividend.
In the US, at midday, The Dow Jones added 115 to 10230, the Standard & Poor's 500 gained 10 to 1119 and the Nasdaq improved 15 to 1782.
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