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Sharewatch: FTSE Rises On Christmas Cheer
London’s blue chips hit a 16-month high yesterday as investors faced Christmas with seasonal cheer following strong US consumer confidence data.
Media stocks benefiting from the surge included Emap, which rose 1.74% and Chrysalis which rose 2.30%.
Elsewhere, investors surveyed the burgeoning crisis at Hollinger Inc after the accounting firm KPMG resigned as auditor of the group, which owns the Telegraph titles.
Volume remained fairly low at 2 billion and traders are traditionally unwilling to stake big moves before the Christmas break.
The closing prices of media company shares on Tuesday were:
