Improved BT profit keeps FTSE buoyant

It’s only up a fraction so far, but the FTSE 100 index has earned 10.9 points or 0.2% to 4960.3 and the FTSE All-Share index has added 0.3% to 2470 in early trading, after BT reported its fiscal Q4 profits rose 44% thanks to staff reductions and improved sales. BT is currently up 9.25p or 4.6% to 210.5p while mobile network O2 is up 2p or 1.7% to 118.5p after revealing a second consecutive annual profit and a bigger than expected dividend payment. Boots Group has also earned 13,5p or 2.26% to 610.5p, despite the fact it today reported consumer spending has fallen and affected second h...