C&W buyback lifts FTSE

Telecoms carrier Cable & Wireless led a surge in London shares today as it surprised the market with plans for a share buyback.

C&W buyback lifts FTSE
Wed, 10 Nov, 2004 - 11:37

Telecoms carrier Cable & Wireless led a surge in London shares today as it surprised the market with plans for a share buyback.

The London-based group shot up 7% – or 7.75p to 117.25p – as the sector also benefited from the launch of 3G services by heavyweight stock Vodafone.

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CourtsBusinessHeathrowPlace: LondonPlace: New YorkPlace: USPlace: UKPerson: Arun SarinPerson: Christian SalvesenOrganisation: C&WOrganisation: FTSEOrganisation: Cable & WirelessOrganisation: VodafoneOrganisation: Rio TintoOrganisation: British AirwaysOrganisation: ICIOrganisation: Scottish PowerOrganisation: PacifiCorpOrganisation: Dairy Crest
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