Financials were firmly back in favour in London today, with the FTSE 100 posting a strong 266.50 point rise (4.75%) to 5875.80.
Strong pre-tax profit news allowed interdealer broker ICAP to bounce back from recent losses, it recorded a 14.04% rise to 666.
Schroders shared the recovery sentiment, its non-voting stock climbed 13.80% to 1002 and voting closed 12.42% higher to 1104.
The London Stock Exchange also performed well, up 10.96% to 1751.
Cadbury Schweppes and Carphone Warehouse were among just four stocks to fall today, dipping 1.95% to 553 and 1.46% to 287.75 respectively.
In New York, the Dow Jones is up on positive job statistics, with the index currently 44.79 points higher (0.37%) to 12314.96.
Alcoa is leading he blue-chip advance, up 4.28% to 30.44. Altria and Microsoft are correcting yesterday’s losses, up 2.33% to 74.55 and 2.19% to 32.63 respectively.
Wal Mart is down 2.23% to 49.04 on a slow start for retailers, while JPMorgan Chase has fallen 2.12% to 44.75 so far.
To comment on this story, contact:
0207 034 2681
Staying invested could prove lucrative
Consider lasting powers of attorney
Less environment, more governance threatens to undermine firms' green credentials
Evidence your compliance