The FTSE 100 Index overcame the shock of a crackdown on banks overcharging customers for late repayments on their credit cards to post strong gains today.

Ringtones specialist MonsterMob today wrote off profits growth in the UK until 2007 at the earliest as it waited for more people to use 3G phones.

The uncertain run by the FTSE 100 Index continued today when early gains of more than 35 points were wiped out following a weak start in New York.

Pharmaceuticals firm Shire injected enthusiasm into London shares today as investors welcomed news it had settled a patent dispute.

Ringtones specialist MonsterMob today announced the takeover of a leading Chinese mobile games developer for up to $35m (€29m).

Ringtones specialist MonsterMob today entered the Russian mobile market with the takeover of one of the country’s leading content providers.

Ringtones specialist MonsterMob today said it was well-placed to cash in on the latest mobile phone trend as it unveiled plans to launch a music player in time for Christmas.

Rentokil Initial led the FTSE 100 Index to a positive finish today after news of a possible takeover offer sent its shares surging.

British ringtones specialist MonsterMob today said it had made a good start to the year as it cashed in on the music downloading boom.

PRE-TAX profits at iTouch, the mobile phone streamed services provider, hit £3.7m (€5.3m) in 2004 ending the company’s years of cash burn and leaving it sitting on a net cash pile of £13.1m.

SHARES in I-Touch shot up yesterday after the company, part-owned by Independent News & Media, said it was in takeover talks.

UK mobile phone entertainment group Monstermob today signalled a major international expansion with the acquisition of a US rival for up to £17m (€25.3m).