FTSE snaps losing streak

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The FTSE snapped its nine-day losing streak as it put on 49.90 points to close at 3,974.90, just shy...

The FTSE snapped its nine-day losing streak as it put on 49.90 points to close at 3,974.90, just shy of the important 4,000 level. The rise comes as Cable&Wireless, Corus and Brambles were today selected by FTSE Group for relegation to the FTSE 250. In come Liberty, British Airways and Whitbread. Ironically, top gainer was Cable&Wireless, which in percentage terms added 8.5% to its value, or 3.5p to 44.5p. Insurers got some positive news from another report forecasting rising earnings in 2003 as higher premiums kick in: Royal&Sun Alliance gained 7.75p to 133.5p. ...

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