Economics / Markets

Shares rose in London this morning, continuing yesterday's late rebound, with Royal Bank of Scotland (RBS), Barclays and Lloyds Banking Group leading the way.

The Prime Minister, on the recommendation of the Chancellor, has appointed Andrew Hudson as managing director, Public Services and Growth Directorate, HM Treasury.

Despite turbulent mid-day trading, the FTSE100 built on early gains to rise 34.73 points (0.91%) to 3,851.17 shortly before 3pm.

Shares rose in London this morning after a late rally in New York helped push the Dow Jones up more than 200 points on Tuesday.

The Dow is marginally up despite US consumer confidence plummeting to its lowest ever.

Stockmarkets around the world plummeted on Tuesday following staggering overnight losses on Wall St.

The FTSE's bright early start has evaporated this afternoon with 3i and Rolls-Royce blighting a strong session for financials.

The Dow Jones fell to its lowest level in more than six years last night as some US banks plummeted.

The FTSE 100 was up a fraction in early trading after falling to a three month low at the end of trading on Wednesday.

Markets fell in London today as US investors mulled a further request for aid by the car industry.