The FTSE 100 has hit a new six year high with a rise of 90.1 points, or 1.45%, to 6,310.9.
Insurer Standard Life posted the biggest gains with a rise of 3.63% to 306.5p, closely followed by Royal & Sun Alliance which added 3.28% to 157.5p, while Bradford & Bingley climbed 3.24% to 485.5p.
DSG International also ended the first session of the New Year up 3.13% to 197.5p, closely followed by Kelda Group which climbed 3.13% to 955p, although Experian limited gains with a fall of 0.33% to 597.5p.
Drax was the biggest drag on the index with a fall of 1.47% to 804p, closely followed by Liberty International which slipped 0.93% to £13.83, while property company Hammerson fell 0.63% to £15.67, and Slough Estates dropped 0.51% to 781.5p.
In the US the markets are closed for a national day of mourning following the death of former President Gerald Ford. They will reopen tomorrow.IFAonline
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