FTSE rally continues to cross 5,100

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The FTSE 100 index is continuing its strong performance this week with major gains for BT Group on the back of a deal with the regulator Ofcom.

BT Group has so far earned 8p or 3.68% to 225.5p after the phone operator agreed to provide competitors with cheaper phone lines into homes and offices. This will prevent the former monopoly from being threatened with breakup. British Airways has also gained 3.5p or 1.25% to 282.5p even though the oil price has risen again slightly. Hays, the recruitment agency, is also up 1.5p or 1.19% to 127.25p while high street retailer Kingfisher is continuing its rally on the back of yesterday’s positive consumer spending news, having gained another 3.25p or 1.29% to 254.75p. Pearson has made...

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