Despite yesterdays gains on the back of a rally in retail sales, the FTSE 100 is in decline today, opening at 4,314.51 and registering losses of 1.7% by mid morning.
Following recent slashes to VAT and interest rates, UK consumer confidence was noted to have improved for the second consecutive month.
Meanwhile, Schroders soared with the top gainers following days of fluctuations amid speculation it the group has made a bid for Credit Suisse's funds business. The group is reported to have joined main contender Aberdeen in its acquisition tender.
Having opened at 854 Schroders shares climbed 4.36% by mid-morning.IFAonline
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