Cable & Wireless boosts FTSE

Talks of a possible break-up at Cable & Wireless saw shares in the telecoms group surge by more than 4% today.

The stock topped the blue-chip risers’ board with a gain of 8p to 189.2p after Citigroup suggested that a separation of its UK and international operations looked like the most logical step for the firm as a turnaround at its UK division gathered pace.