FTSE stays positive as BT rings up gains
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London equities stayed in positive territory on Friday with shares in BT Group standing out after bullish comment on the company&#39;s prospects from its chief executive.
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BT has reported a rising share of net broadband additions during its fiscal second quarter, signalling its position in the business was not as bad as some had analysts had feared.
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London equities made strong progress in opening trade on Monday, with resource stocks once more at the forefront of the rally as commodities markets remained bullish.
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Shares of Sprint Nextel Corp   rose over 3.5 percent on Friday as investors reacted to market  speculation the No. 3 U.S. mobile service could be sold to  Britain&#39;s BT Group , but analysts were skeptical.
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European equities edged higher on Wednesday, with banks leading the advance after investors welcomed forecast-beating results from Anglo Irish Bank and an upbeat trading statement from Royal Bank of Scotland.
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A strong rally on US and Asian markets overnight boosted the FTSE on Thursday.
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London equities moved higher in opening trade on Thursday, helped by buoyant financial stocks and a fresh set of bid talk.
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Britain's BT Group Plc posted quarterly core earnings in line with forecasts on good revenue growth on Thursday, and forecast a strong outlook as it accounted for over a third of net broadband market additions.
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London shares closed higher as Wall Street remained firm after a slew of companies reported upbeat earnings, with UK miners helping to fuel the blue chips.
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UK blue-chips ended the day up, building on Tuesday&#39;s rally, with miners and financials driving gains although Northern Rock remained under pressure, while Wall Street extended its surge, a day after a half-point rate cut from the Fed.
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Carphone Warehouse on Wednesday celebrated its promotion to the FTSE 100 with a gain of 3.4 per cent to 352p, but its elevation was far from the only factor driving the share price higher.
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London equities made progress in opening trade on Wednesday, helped by strength in financial stocks. Retailers stayed in the limelight with closely watched corporate news from J Sainsbury and DSG International.
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London equities held up on Wednesday despite the FTSE 100 losing 29 points as a host of leading financial stocks traded without rights to the latest dividend payments.
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Satellite broadcaster British Sky Broadcasting Group PLC reported strong growth in subscribers Friday and a jump in revenue that exceeded analysts' expectations, underpinning a 3 percent rise in quarterly net profit.
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The pound was firmer after the latest producer price figures out of the UK showed prices continued to rise.
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The pound remained buoyed by last week's surprise quarter point rate hike to 4.75 percent from the Bank of England.
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London equities rose in opening trade on Tuesday, but gains were kept in check by losses for retailers after a trading update from Tesco failed to impress investors.