FTSE rises on BSkyB competition ruling

Johnson Matthey, a manufacturer of advanced materials, made the biggest early gains, up 66 points (3.79%) to £18.09. Carphone Warehouse Group followed despite news that the Government is to crack down on people using mobile phones while driving, adding 10 points (3.03%) to 340.5p. Tullow Oil shares dropped after the firm confirmed that a Ugandan well is showing signs of depleting, down 25 points (3.85%) to 625p. Alliance & Leicester continued to suffer from the credit crunch, down 7 points (1.08%) to 642.5p. On Wall Street, markets fell slightly as the Fed’s credit auction was oversubsc...