FTSE tags along behind yesterday's Dow Jones flight

The benchmark index was led in early trading by Cable & Wireless, which was up 3p to 122p, after analysts raised its shares from ‘underperform’ to ‘in-line’, while Sainsbury’s is trading well this morning picking up 6.75p to 284.25p. Prudential has also gained 8.75% to 464.75p, after revealing its new life and pensions business increased 19% in 2004 on better sales in the UK and Europe. In contrast, banking firm Northern Rock has declined 19p to 779p. In the US yesterday, the Dow Jones added 92.95 points to 10,461.56 points at its close last night after, its highest earnings for more ...