Greenspan optimism lifts UK market

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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 expec...

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