Market rises in wake of Wall St

The FTSE-100 Index is up 32.5 points as the London market picks up from a positive session on Wall Street.

The Footsie now stands at 5836.5, helped by gains by Granada.

The ITV broadcaster 's shares rose 2%, or 4p, to 171p - despite seeing advertising revenues for the first half of its financial year fall 5.4% - because it beat City forecasts.

BT is continuing yesterday's upward momentum with a lift of 9¾p at 443¼p.

This follows its announcement it had raised more than £2bFTn from the sale of its UK property portfolio.

The group's appointment of David Varney as chairman-designate of its mobile phone business BT Wireless also boosted sentiment on the London market.

The share price of Hays has rallied after it said managing director John Cole had stepped down, lifting 12¼p at 180¼p, after falling heavily recently.

Outside the Footsie, Hornby is ahead 14%, or 18½p, at 153½p after announcing a rise in pre-tax profits.