Northern Rock leads FTSE revival

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In London, shares climbed as parts of the banking sector recovered and the FTSE 100 was up 36.1 points, or 0.56%, to 6,433.

News of a takeover offer boosted Northern Rock share’s, up 18.9 points, or 11.59%, to 182p, followed by Invesco, which added 35 points, or 5.55%, to 666p. HBOS climbed 42.5 points, or 5.12%, to 873p, ICAP gained 21.75 points, or 4.38%, to 518.5p and British Land added 40 points, or 3.49%, to £11.85. DSG International made the biggest losses, down 5 points, or 3.71%, to 129.9p, Carphone Warehouse lost 7.5 points, or 2.1%, to 350.25p and Experian fell 11 points, or 2.09%, to 515p. On Wall Street, trading was up on hopes poor manufacturing results would prompt a further cut in interest rate...

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