The FTSE 100 index shrugged off weak telecoms to finish up 0.06% to 5,735 as oil majors and mining issues followed Shire Pharmaceuticals higher.
Telecom stocks came under pressure following a sales warning from France Telecom. Vodafone, Cable and Wireless and BT struggled through the day, with Vodafone finishing down 1.72% to 128.75p, Cable and Wireless dropping 2.75% to 123.75p and BT down 1.12% to 220.5p. Shire led the risers after Deutsche Bank lifted its target price and talked of a possible settlement between the company and Barr over a generic copy of Shire’s hyperactivity treatment Adderall XR. Miners were in demand after CSFB initiated on the sector with an "overweight" stance and rated Anglo American, Kazakhmys and Rio ...
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