The FTSE climbed 64.90 points to close at 4,080.50 today after good news from bellwether stocks Voda...
The FTSE climbed 64.90 points to close at 4,080.50 today after good news from bellwether stocks Vodafone and Motorola that sent investors charging after stocks that have not been in favour for the past two years.
Vodafone soared past the £1 level after it unveiled strong first half results, and its shares moved up 11.75p to 110.25p.
The shine rubbed off as MmO2 climbed 3.25p to 54p.
Industrial gas group BOC reported a 22% fall in fourth quarter profit, but said it saw a recovery through next year, which helped push shares up 39p to 857p.
Rentokil did worse after announcing the suspension of its share buy-back program ahead of a business update - it lost 7.5p to 202.5p.
The FTSE 250 index moved up as mid-cap stocks gained, led by chip designer Arm.
The index gained 15.8 points to 4,461.5, and Arm gained 5p to 55p after US chip manufacturer Motorola said it saw a recovery starting in the sector.
Threats of credit downgrades by Moody's and Standard & Poor's are hitting the insurance sector, and Britannic Group today lost 14p to 275p.
In New York the Dow Jones Industrial Average index is up 117 points at 8,476.
Despite improved risk appetite
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