FTSE rebounds after dismal start

UK stockmarket activity started the day badly but ended with a gain, as trading managed to pull back from a 1.6% decline in early moves. Banks such as Royal Bank of Scotland Group and Lloyds TSB Group led the gains on optimism that the worst of their share-price declines may be over. The FTSE 100 added 25 points, or 0.6%, to 4605.3, having earlier dropped to its lowest level for nine months at 4506.3 points. It was gains for Royal Bank of Scotland, Lloyds TSB and Barclays which accounted for around half of today's index's rise, but the week end down 0.6% this week. Royal Bank...