The FTSE 100 index had a much improved day and added 30.7 points to a total of 4,843.2 by close of trading today.
The benchmark is up for a third successive day, led by Cable & Wireless which adding 6.25p or 5.5% to 119p, after the telecoms firm reported sales fell less than analysts expected.
Logistics company Exel also had a good day, picking up 36p to 782.50p, after reports of a buyout from US firm United Parcel Services.
Shares in Lloyds TSB group grew 14.75p to 486p, while shares in insurer Aviva, increased 19p to 639p as Aviva reported a return to profit while adding it expected to continue this trend for 2005.
Housing group Wolseley led the drop, howver, shedding 21p to 1056p, along with two of yesterday's strong performers, Rio Tinto - down 30p to 1660p - and Cairn Energy, which closed down 20p to 1177p.
The Dow Jones Industrial Average meanwhile, has shot up in morning trading, adding as much as 125 points or 1.1% to 10,493.78 points on reports that consumer confidence unexpectedly rose in January to a six-month high.
Government figures suggests the US saw a growth in income, while the economy fuelled more jobs.
As a result, the Dow Jones benchmark is currently led by drug maker Merck & Co, adding $1.03 to $30.88.
Household product provider Johnson & Johnson has also added $1.96 so far to $63.45 after the company announced fourth-quarter profits were above analyst’s expectations.
And Disney is also up $0.76 to $28.71.IFAonline
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