Stocks rebound but SpaceX fears spark telecommunications falls

On Wall Street, SpaceX was up 1.9% (Alamy/PA) -

European stocks rallied on Friday, as oil prices fell, despite weak telecommunications stocks as worries of competition from satellite-based mobile services sparked sharp falls.

In London, the FTSE 100 index ended up 110.45 points, or 1.1%, at 10,552.05. The FTSE 250 climbed 269.90 points, 1.1%, to 24,213.78, and the AIM all-share added 6.86 points, 0.9%, at 777.53.