The FTSE 100 index has risen 32.4 points or 0.6% to 5781.7 points this morning, led by financial stocks such as HSBC.
HSBC has gained 5.5p or 0.6% to 933p, while HBOS has risen 17p or 1.86% to 933p. Hedge fund firm Man Group has added 37p or 1.53% to £24.57 after investment bank Deutsche raised its share price target to £28.20 from £26.20, keeping a "buy" recommendation on the stock. Schroders is up 18p or 1.74% to £10.51, boosted by firmer global equity markets. BP has also added 4.5p or 0.7% to 629.5p after crude oil futures rose 0.7% to $70.8. Meanwhile, GlaxoSmithKline has fallen 4p or 0.3% to £14.92 on reports the company plans to bid more than $15bn for Pfizer's consumer health care unit. I...
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