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FTSE 100 clings to 3,800 as gains fade.

Europe Intelligence Wire

| August 10, 2002 | COPYRIGHT 2002 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From FT Investor (Pulses))

London's blue-chip index was higher on Tuesday, buoyed by merger talk and upbeat sales figures from high street retailer Marks and Spencer , but had pulled back from the day's best levels in lunchtime trade. The rise started in financial stocks but telecoms took up the reins as the leading sector after banking gains evaporated in late morning trade. Gainers outnumbered decliners by two-to-one on the FTSE 100, although volumes were unremarkable at 800m shares in FTSE ...

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