Jump to content
House Price Crash Forum
Sign in to follow this  

Bt Leads Ftse To Fresh Multi-Year Highs

Recommended Posts


Heavyweight telecom BT led the FTSE 100 on Friday, setting fresh 5-1/2 year highs on the top blue-chip index.

The FTSE 100 was up 33.55 points, or 0.5 percent, at 6,626.29 by 0854 BST, having hit an intraday high at 6,634.91, its highest level since November 2007 and just 4.5 percent off of 1999's all time high. It is the index's seventh straight session of gains.

BT contributed over 11 points alone to the advance. Shares in the telecoms group leapt 11.2 percent, rising above 300 pence for the first time since November 2007 as it beat annual forecasts and gave a good outlook ahead of its pricing showdown with B Sky B.

"We've seen some buying in BT... There's relief that it's not bad, and the market is taking comfort in the fact that they're being proactive in their business model," said Joe Rundle, head of trading at ETX Capital, although he said that the new strategy may squeeze margins in the longer term.

The FTSE going to start keeping up with the Euphoria on the Dow?

Time to buy shares for some quick easy money. :ph34r:

Share this post

Link to post
Share on other sites

A modest cough. B)

Posted 19 December 2012 - 02:22 PM

DAX down to 5000? Is that before or after it hits the all-time high it's about 2% away from? :lol:

In fact, the near-term set up has never been more bullish. On all the fraudexes. Fiscal cliff yadda yadda BS non-event. Abe, Benny and Carnage promising to spend spend spend like never before. Anybody who isn't full-tits long right now is missing the opportunity of a lifetime.

This year's Santa Claus rally is going to the Moon, baby!

Share this post

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 239 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.