FTSE storms ahead

London’s FTSE 100 Index stormed more than 3.4% ahead today despite news that the UK economy had suffered its sharpest contraction in 30 years.

FTSE storms ahead
Fri, 24 Apr, 2009 - 19:21

London’s FTSE 100 Index stormed more than 3.4% ahead today despite news that the UK economy had suffered its sharpest contraction in 30 years.

The surge on the market came as US car maker Ford unveiled better-than-expected first quarter results and investors awaited news about US stress tests on 19 of the country’s big financial institutions.

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