In London, markets made a strong recovery as investor worries over debt markets calmed and the FTSE 100 closed up 109.9, or 1.81%, at 6,196.
Lonmin shares saw the biggest gains, up 214p, or 7.22%, to £31.77, followed by Rio Tinto, which added 209 points, or 6.81%, to £32.80. Experian shares were up 33 points, or 6.7%, to 525.5p, Hammerson gained 81p, or 6.61%, to £13.07, and Punch Taverns shares were up 62.5 points, or 6.4%, to £10.39. Scottish & Southern Energy saw the biggest losses and shares fell by 42 points, or 2.94%, to £13.85. BT shares were down 7 points, or 2.24%, to 305p and DSG international shares fell 1 points, or 0.63%, to 159p. On Wall Street, markets opened strongly on news that the Federal Reserve might cut...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes