FTSE rallies after Sainsbury's shock

The London market gathered momentum today as positive corporate and economic news offset the impact of a profits warning from Sainsbury’s.

FTSE rallies after Sainsbury's shock
Thu, 01 Jul, 2004 - 13:34

The London market gathered momentum today as positive corporate and economic news offset the impact of a profits warning from Sainsbury’s.

The FTSE 100 Index built on early gains to stand 21 points ahead at 4485.1 by mid-morning.

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<p>Cork-founded information and communication technologies company PFH Technology has posted turnover of €178.5m, up 18% on the previous year, with operating profits increasing to €19.8m.</p>

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