FTSE bounces back from Bear Stearns misery

Shire added 92.5 points (9.26%) to £10.91, while Man Group climbed 24.5 points (5.04%) to 510.5p. Kazakhmys led some minor losses, down 13 points (0.8%) to £16.11, while Carnival dropped 2 points (0.11%) to £17.88. On Wall Street, trading got off to a shaky start as markets reeled from the buyout of Bear Stearns, but recovered before the end of the day, with the Dow Jones up 21.16 (0.18%) to 11,972.25. JP Morgan Chase made impressive gains after it bought the beleaguered bank for just $2 per share, adding 3.77 (10.32%) to 40.31, while Verizon Communications gained a more modest 0.79 (2.3...