FTSE up more than 1%

The FTSE 100 rose more than 1% today as markets were cheered by strong US corporate results and a major acquisition at home.

FTSE up more than 1%
Wed, 21 Jul, 2010 - 18:13

The FTSE 100 rose more than 1% today as markets were cheered by strong US corporate results and a major acquisition at home.

Banks Morgan Stanley and Wells Fargo both beat forecasts with second-quarter figures, following on from a 78% hike in profits from US technology giant Apple overnight.

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CourtsBusinessFTSEPlace: USPlace: LondonPlace: Gulf of MexicoPlace: AntofagastaPerson: Ben BernankePerson: Andrew SentancePerson: TomkinsEvent: Deepwater Horizon disasterOrganisation: FTSEOrganisation: Banks Morgan StanleyOrganisation: Wells FargoOrganisation: AppleOrganisation: SSL InternationalOrganisation: Reckitt BenckiserOrganisation: Wall StreetOrganisation: US Federal ReserveOrganisation: Bank of EnglandOrganisation: SterlingOrganisation: BPOrganisation: SSLOrganisation: ReckittOrganisation: InvensysOrganisation: British AirwaysOrganisation: American AirlinesOrganisation: IberiaOrganisation: Land SecuritiesOrganisation: Trinity LeedsOrganisation: Smith & NephewOrganisation: CitigroupOrganisation: Cable & Wireless WorldwideOrganisation: CitiOrganisation: Credit SuisseOrganisation: JP MorganOrganisation: Lambert & ButlerOrganisation: Imperial TobaccoOrganisation: Footsie
<p>Cork-founded information and communication technologies company PFH Technology has posted turnover of €178.5m, up 18% on the previous year, with operating profits increasing to €19.8m.</p>

Profits rise to €19.8m at Cork-headquartered PFH Technology

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