Northern Rock continues yo-yo week as FTSE climbs

The bank, having shown signs of recovery on the index yesterday evening, has this morning climbed 10.5 points, or 5.77%, to 192.5p Following closely behind is HBOS, which has climbed 43p, or 4.93%, to 916p, and building firm Taylor Wimpey, up 11.25 points, or 4.36%, to 269.25p. Stemming the gains though are Smith & Nephew, down 10.5 points, or 1.78%, to 579p, Sage Group, down 3.5p, or 1.38%, to 249.75p, and Resolution, down 8.5p to 686.5p. In the US, a fairly static Dow Jones yesterday closed up 99.5 points, or 0.72%, on 13878.15. GEN Motors was the day’s biggest earner, climbing 3....