The flurry of activity in the telecoms sector continued today when Kingston Communications revealed it was mulling a takeover approach.

A buoyant performance by telecoms stocks ensured the FTSE 100 Index held on to early gains today to wrap up a positive end to the week.

The London market closed in the red today amid downbeat results on Wall Street and fresh fears about UK interest rate rises.

A 34-year-old entrepreneur has scooped £12.5m (€18.2m) after selling the internet company he founded a decade ago, it emerged today.

Telecoms group Colt saw its stock plunge 28% today as tough market conditions forced it into a profits warning.

London’s benchmark FTSE 100 Index snatched back all of yesterday’s losses and made strides further into positive territory today following a deluge of company results.

The FTSE 100 Index was staring at its 12th consecutive fall today as it tumbled back to earth after an early 60 point surge.

Investors heaved a sigh of relief today as the London market broke its losing streak to rise back above the 3,500 mark.

Technology companies in the UK face further problems today, after another wave of stocks are relegated in the FTSE’s quarterly reshuffle.

The FTSE 100 Index is down 21.6 at 5113.7 at lunchtime.

The FTSE 100 Index is down 6.1 at 5130.2 at mid-morning, having lost earlier gains.

The FTSE 100 Index is up 30.5 points at 5166.8 after an hour's trading.

The FTSE 100 Index is being pushed down towards the key 5,000 mark again, falling 36.6 points to 5036.7 after an hour's trading.

The FTSE 100 Index of leading stocks is up 53.4 points at 5077.5 at mid-morning, nearly reversing yesterday's 68-point slump.

Trading on the London Stock Exchange has got off to a cautious start after the Footsie index of 100 leading stocks closed at a 27-month low last Friday.

The FTSE-100 Index is heading towards its lowest close since late 1998 as new economy stocks continued to fall heavily.

The Footsie index of 100 leading stocks is up 22.8 points at lunchtime after the Bank of England's Monetary Policy Committee's decided to keep the cost of borrowing at 5.75%.

Rises in telecom and banking shares are keeping the Footsie index of 100 leading stocks with its head just above water.

London shares plunged today after tech stocks took a battering.

The Footsie index of 100 leading shares has plunged 84.8 points as a series of warnings from technology groups in North America led to a sell-off in the sector. The index now stands at 6113.1.