Railtrack still skidding but Footsie higher

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The UK's benchmark index finished the day above its opening score despite trading lower for most of ...

The UK's benchmark index finished the day above its opening score despite trading lower for most of it. The FTSE 100 closed 72.6 points up at 5535.7 having lost as much as 108.8 points earlier today. Telecom stocks edged the market higher while Railtrack posted loss and has now lost 35% in value alone this week. Vodafone climbed 10.5p to 196p, British Telecommunications gained 35p toi 514p and Marconi rose 36p to 336p. Railtrack declined another 32p to 448p. On Monday the stock fell a record 17% as investors balked at conditions attached to a £1.5bn cash subsidy from the Government to...

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