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News Burst: Colt shares soar on profits

Colt Telecom (CTM: quote ) shares jumped to a record high of 1,948p Tuesday after the telco, which is expanding throughout Europe, announced a 71 percent improvement in Q3 sales and the achievement of profitability. Shares continued to rise in early trading Wednesday, topping 2,000p.

Colt Telecom (CTM: quote ) shares jumped to a record high of 1,948p Tuesday after the telco, which is expanding throughout Europe, announced a 71 percent improvement in Q3 sales and the achievement of profitability. Shares continued to rise in early trading Wednesday, topping 2,000p. Colt's announcement of earnings kicked off a week of telco reports which will include British Telecom and Cable & Wireless.

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