FTSE gains on growth predictions, US company results

The market in London got a boost from forecasts of stronger economic growth this year from chancellor Gordon Brown in his Budget speech, coupled with reports from the US of a big jump in earnings by logistics firm Federal Express. Fedex said strengthening global trade, especially in the Asia-Pacific region, was boosting earnings. The FTSE also got a shot in the arm from moves upwards by two of its three biggest stocks BP and Vodafone. Reuters led the gainers with a 22p rise, or more than 6% to 381p after announcing the buyout of the remaining 50% of Icor Brokerage, a treasuries tra...