Good start to the week for the FTSE 100 which made modest gains on the back of new economy stre...
Good start to the week for the FTSE 100 which made modest gains on the back of new economy strength. Index heavyweight Vodafone pushed the index higher after its Chief Executive Chris Gent said the group had no immediate plan to increase its stake in Japan Telecom.
The FTSE 100 finished the day up 43.6 points to 5,446.70. That's three out of three advances for the index since it dropped to a 33-month low last week. The Techmark 100 Index rose 32.58 points, or 2.1 percent, to 1,551.63.
Vodafone rose 7.5p to 152.5p, adding over 21 points to the FTSE 100. Investors breathed a sigh of relief over the group's decision not to sink itself further into debts by increasing its stake in Japan Telecom.
ARM Holdings rose 17p to 279p. The chip designer said it's extended
its licensing agreement with Intel and entered a new licensing accord with Texas
Trading wasn't so good over on Wall Street at midday with all major indices lower. The Dow Jones was down 13 points to 10402.9. The Standard & Poor's was off 32 points to 1205.5and the Nasdaq fell 1 point to 2028.01.
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