FTSE breaks 4800 barrier

The UK benchmark closed at its highest level in almost 2½ years on Friday and continues to do well in early morning trade led by recruitment specialist Hays, up 2.5p to 127.5p. Mobile firm MM02 is also up 1.75p to 107.25p. The company is due to release financial results later this week and there is speculation it will announce a maiden dividend payout. High street technology retailer Dixons leads the drop losing 1.75p to 166.75p this morning, followed by clothing store Next, down 17p to 1674p. In Asia, stocks on the Nikkei 225 Index raised 1.88% to 11227.57 points at close early Satur...