Life insurers lead the FTSE recovery after Madrid bombings

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Stock markets in Europe managed to pull themselves back after yesterday's slide and the Madrid bombings, led in the UK by life insurance firms.

The FTSE 100 eventually managed to close up 22 points or 0.5% to 4,467.4, having earlier in the day driven surprisingly close to the 4400 barrier. Royal & SunAlliance saw the best gains of the day, alongside Legal & General, having earned another 4.25p or 4.789 to 93p and 2p or 2.062% to 99p respectively. Aviva also climbed 10.25p or 1.891% to 552.25p, having seen around 107 million shares changed hands – way beyond the daily average. In the US, the three main indices have also recovered ground, with the Nasdaq leading the rise. The Dow Jones Industrial Average index was up ar...

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