Fed announcement lifts FTSE

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In London, the FTSE 100 made a strong start to the day after news that the US Fed might cut interest rates and was up 53.9 points, or 0.89%, to 6,140.

Lonmin led the pack with a gain of 123 points, or 4.15%, to £30.86, followed by Antofagasta shares, which were up 25 points, or 3.82%, to 679p. Man Group, the hedge fund manager, was also boosted by interest rate speculation, up 17.5 points, or 3.82%, to 475.5p. Northern Rock shares raised 25.5 points, or 3.63%, to 727.5p and Invesco shares added 20.5 points, or 3.52%, to 602.5p. Early gains were offset by some losses, including DSG International, down 4.8 points, or 3%, to 155.2p. BT shares fell by 9 points, or 2.88%, to 303p and Scottish & Southern Energy shares dropped 29 points, o...

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