Positive news lifts Footsie to two-month high

THE FTSE 100 Index achieved its highest close for two months yesterday after a rush of positive news provided investors with cause for cheer.

Hopes for a strong end to the year in London were raised as banking, media, telecoms and retail stocks pushed the Footsie up 95.1 points to 4190.

The blue-chip index last closed above 4200 in early September and analysts said the strength yesterday showed a breakthrough may be on the cards.