FTSE scores 29-month high

The FTSE 100 Index soared to a 29-month high today as fresh hopes that interest rates will stay on hold for the rest of the year and lower oil prices cheered investors.

Thu, 11 Nov, 2004 - 17:39

The FTSE 100 Index soared to a 29-month high today as fresh hopes that interest rates will stay on hold for the rest of the year and lower oil prices cheered investors.

Telecoms stocks were among the biggest risers as the Footsie climbed 42.4 points to 4776.9 – its highest close since June 2002.

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CourtsBusinessHeathrowPlace: UKPlace: New YorkPlace: USPlace: AtlanticPlace: LondonPerson: David FinebergEvent: ChristmasOrganisation: FTSEOrganisation: FootsieOrganisation: National Association of Estate AgentsOrganisation: NAEAOrganisation: BTOrganisation: Cable & WirelessOrganisation: Insurer PrudentialOrganisation: Royal & Sun AllianceOrganisation: BookerOrganisation: Big FoodOrganisation: Punch TavernsOrganisation: WincantonOrganisation: ReutersOrganisation: United UtilitiesOrganisation: National Grid TranscoOrganisation: Allied Domecq
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