FTSE regains lost ground to post late recovery

THE FTSE 100 Index ended a nervy session in positive territory yesterday after threatening to plummet to new lows.

A strong start on Wall Street and renewed strength from front line telecom and banking stocks led a late rally in the City.

The Footsie eventually closed ahead 34.9 points at 3777.3 a 110-point reversal from the depths reached earlier in the day. The top-flight index had fallen to 3666.3 below last month's six-year closing low.