London trading got off to a strong start Thursday, following positive results for Rio Tinto and rumours Aviva could be the target of a buyout bid.
The FTSE 100 was up 63.98 points (1.25%) to 5,195.97 after an hour's trade despite an impending announcement on how the EU will deal with Greece's huge national debt.
Rio Tinto's shares increased 4.4% to £32.77 after releasing an upbeat full-year financial statement. The firm believes commodity markets will recover through 2010.
Aviva shares were up 2.63% to 371.1p after rumours it could be a buyout target.
Smith & Nephew was the biggest gainer, advancing 5.21% to 666p after the firm reported a 22% rise in profits.
BT shares dropped 5.25% to 124.5p after revealing its pension fund deficit had hit £9bn.
The FTSE has followed trends in Asia, where Hong Kong's Hang Seng index jumped 1.85% to reclaim 20,000 overnight. It closed at 20,290.69.
US markets closed slightly down after Federal Reserve chairman Ben Bernanke announced his plans for post-recession monetary policy.
The Dow Jones fell 0.2% to 10,038.38 after Bernanke revealed plans to tighten credit laws once the economy has recovered.
‘Important to have an anchor’
Report to be written by TPR
Lack of innovation for solutions
Some 2,000 consumers affected