Dow Jones gains over 1% as FTSE 100 closes up

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 t...