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Colt boosted by US investors' spree

A buying spree by US firms has been the big factor behind Colt Telecom's status as the best-performing share in the UK last year.

Vastly encouraged by their support, Colt's 54% backer Fidelity is considering a spin-off for a similar company in Latin America, called MetroRed.

Colt, now a FTSE 100 stock, was up 482% at the end of the year, according...