The FTSE 100 index gained 92 points, or 1.7%, to 5,665 points today, led by miners after Merrill Lynch hiked commodity price forecasts.
Kazakhmys gained 2.19% to 1,028p, Xstrata rose 4.30% to 1,893p, Rio Tinto advanced 2.95% to 2,656p and BHP Billiton added 3.26% to 966p.
Bradford & Bingley rose 2.06% to 458.50p after it was upgraded to “neutral” from “sell” by analysts at Merrill Lynch, who said the group could benefit if Credit Agricole continues upping its stake in rival Alliance & Leicester.
Alliance & Leicester also rose 0.61% to 1,164p, while Northern Rock gained 3.82% to 1,005p.
Fund manager Man Group advanced 2.67% to 2,342p after Bridgewell upgraded the group to "buy", saying the shares had been hit hard by the recent downturn in the market.
And in the US, The Dow Jones industrial average is up 28.81 points, or 0.26%, at 10,967.63 points this morning, helped by advances in technology shares.
Advanced Micro Devices, the world's second biggest chip maker, has risen 3% to $27.79, while Intel has gained 0.4% to $17.18.
Shares of Texas Instruments have slipped by 0.6% to $30.52 after Citigroup cut its price target on the stock, a day after the biggest supplier of chips for mobile phones raised its quarterly outlook.IFAonline
‘Most significant’ upgrade since launch
Changes happening over coming months
Had accepted British Steel business
Aimed at HNW clients and family groups
Set for 1 April 2019