Vodafone, BT and Barclays led the FTSE 100 index 23.7 points higher today to close at 4,053.10 as th...
Vodafone, BT and Barclays led the FTSE 100 index 23.7 points higher today to close at 4,053.10 as the afternoon session reflected gains made in New York.
Schroders non-voting led the way with a 33p gain to 536, but it was Vodafone that added the most points to the index because of its weighting, rising 4.75p to 116.25p after announcing it would bid to increase its stake in South Africa's largest mobile phone operator.
BT was told to open up its lines to more competition by the telecoms regulator Oftel, but this is just what some investors have been hoping for in order to get BT to make the changes needed to boost efficiencies, and shares climbed 6.75p to 210p.
Barclays gained 8.5p to 426.5p.
Cable & Wireless had another rough day, losing 9p to 74p, taking its losses since announcing a record loss on Tuesday to 55p, and almost halving its value.
Corus was pushed down 6.5p to 27.5p after its debt was cut to junk status by Standard & Poor's - the company's future strategy now looks in tatters after abandoning the proposed merger with Brazilian competitor CRN.
Results from Invensys failed to please the City, which sold down the stock 15.25p to 46.75p.
The FTSE 250 mid-cap index fared less well, shedding 2.4 points to close at 4,426.1.
Securicor was hammered following comments by US politicians that the firm faces unlimited liability for its failure to detect the terrorist that took over then crashed planes into the World Trade Centre and Pentagon on September 11 2001.
The company was responsible for security at airports from which the flights departed, and shares today slumped 16.5p to 79.5p.
Technology did better, with gains by Arm, up 4.5p to 56.5p, CMG, up 6.25p to 72.25p, and Computacenter, which gained 24.5p to 281p.
The Dow Jones Industrial Average index is currently up about 68 points at 8,467.
Partner Insight: For Blackfinch, the arrival of its IHT portfolio services was a 'natural evolution' in the group's offering and points to an established track record of returning cash to investors.
Senior Managers Regime
Interest rate outlook unchaged
FCA made demands last week