The FTSE100 surged on opening this morning on the back of a large bank-led market rally in the US overnight. London's blue-chip index is currently 82.80 points (1.61%) higher to 5233.40.
Whitbread leads a host of hotel and pub groups higher, 8.75% ahead to 1094. News it snared DSG's finance director Kevin O'Byrne has propelled retailer Kingfisher, 6.45% higher to 102.30.
Banks are expectedly among the strong gains; with Royal Bank of Scotland and Barclays leading the charge, up 5.94% to 174.80 and 5.62% to 281.75 respectively.
Pharmaceutical group Shire leads the losses so far, down 2.35% to 727.50.
In New York, Wall Street soared on Wednesday as the banking sector finally found some reason to cheer and lower oil prices boosted investor confidence. The Dow Jones IA closed 276.74 points (2.52%) to 11239.28.
Financials flourished on news Wells Fargo is raising its dividend by 10%. Wells rose the most in nearly 30 years on the announcement.
Bank of America led the Dow, jumping 22.41% to 22.67. JPMorgan Chase climbed 15.86% to 35.94 and Citigroup soared 13.12% to 16.47. Insurer AIG and General Motors were also among the large gains.
The oil giants are the only ones not smiling on the crude price dip, with Chevron down 3.39% to 86.39 and Exxon Mobil 1.68% lower to 80.81.
In Tokyo, Japanese stocks rallied on the US positivity on Thursday, with the Nikkei 225 closing 127.15 yen (1%) higher to 12,887.95.IFAonline
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