The FTSE rose 105.1 points, or 1.78%, to 5993.6p this afternoon as Alliance & Leicester maintained its leading position this afternoon following news Lloyds TSB has its takeover eye on the banker. Alliance & Leicester rose 42.5 points, or 8.33%, to 552.5p.
Persimmon rose 53 points, or 7.4%, to 769p as the housing market continues to drop.
Lonmin fell 11 points, or 3.21%, to 3352p while Associated British Foods fell 25.5 points, or 2.91%, to 851p.
The Dow Jones rose 80.27 points, or 0.65%, to 12461.29c as Alcoa rose 1.32 points, or 3.61%, to 37.87c.
Home Depot rose 0.82 points, or 2.95%, to 28.59c despite reports it may publish a drop in sales tomorrow.
American Express fell 0.51 points, or 1.13%, to 44.55c while General Motors fell 0.25 points, or 1.04%, to 23.83c after Deutsche Bank downgraded the car manufacturer.
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