Footsie rises on positive corporate news

The Footsie 100 Index is up 49.4 at 4065 in early trading.

The Footsie 100 Index is up 49.4 at 4065 in early trading.

Vodafone buoyed traders' spirits with strong half-year results.

Dealers had been expecting a further slide in the index after the Dow Jones Industrial Average slid 2% and the Nasdaq eased 3% last night.

Other telecoms stocks also benefited with mmO2 up 1.75p at 52.5p and BT Group 2.25p stronger at 197.25p.

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