A Dow Jones Average again above 10,000 and lower interest rate hopes fuelled the gain, achieved in heavy trading. Scottish & Southern, the electricity group, led the recovery with Goldman Sachs making positive noises. The shares rose 49.5p to 592,5p. A trio of investment houses combined to inspire Pearson, the media group, 94p to 1,333p.
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BLUE CHIPS ended a four day losing streak with Footsie putting on 48.9 points to 6,163.2; at one time it was up 96.9. Supporting shares were also strong.