FTSE closes 5% ahead

The London market shrugged off a raft of profit warnings to close 5% ahead today after yet another turbulent week for UK blue chips.

FTSE closes 5% ahead
Fri, 17 Oct, 2008 - 18:09

The London market shrugged off a raft of profit warnings to close 5% ahead today after yet another turbulent week for UK blue chips.

The FTSE 100 Index held firm above the 4000 barrier in solid afternoon trading, despite gloomy profits news and early falls on Wall Street following more dire news of America’s housing market.

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