3 July 2001, 11:47 European stocks gain on telecom sector rally
London, July 2 (BridgeNews) - European stock markets were higher, led
by a resurgent mood across the telecom sector. Companies such as Vodafone
(VDD), British Telecommunications (BTY) and France Telecom (FTE) all
rallied amid hopes the "growth" companies can recover after more than a
year of heavy selling pressure. Italian utilities were also lifted by
renewed merger activity. At 1540 GMT the FTSE Eurotop 100 Index was up 47
points, or 1.5%, at 3215 points.
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