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Rally lifts FTSE above 4900


25.08.09

Shares in London extended their winning streak into a sixth day today with the FTSE 100 index passing the 4900 barrier.

The benchmark index rose to a 10-month high of 4909.4, 13.17 points stronger, amid increasing optimism about the global economy.

But the FTSE 250 - considered a better bellwether of UK Plc - dropped 13.3 points to 8818.48.

Mobile phone giant Vodafone and financials led top stocks up, with Royal Bank of Scotland claiming the crown as it shrugged off talk that the sale of its Chinese assets had hit a snag.

Miners were the worst performers - after a strong showing yesterday - making up four of the top 10 biggest fallers.

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