FTSE starts second day of gains

Having snapped a four-day losing streak yesterday the FTSE 100 index this morning is up 47 points to 3,732 as investors continue to come back to the market as the US coalition waging war in Iraq once again looks increasingly likely to be striking out towards Baghdad. Cable & Wireless leads the gainers with a 4p rise to 75p after announcing a new chief executive, Francesco Caio, to replace Graham Wallace who managed to oversee huge losses caused by overexpansion during the tech bubble years. Despite yesterday's figures on falling manufacturing output in the UK, parts maker GKN ...