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Bt Leads Ftse To Fresh Multi-Year Highs

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http://uk.reuters.com/article/2013/05/10/uk-markets-britain-stocks-idUKBRE8710BE20130510

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:

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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!

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  • 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%



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