Middle East ceasefire sends FTSE flying

Schroders led the way with gains of 6.54% to 929p, while Barclays headed a rally among the banks, adding 2.12% to 649p after Merrill Lynch said ’buy’, and HSBC holdings gained 1.26% to 961.5p. Meanwhile British Airways recovered some of its lost ground, up 1.89% to 377p, as the UK terror threat was reduced from ‘critical’ to ‘severe’, and Deutsche Bank rated it as ‘buy’. However BT fell 0.93% to 240.5p following a broker downgrade, while PartyGaming slipped 3.44% to 105.25p, ahead of former BetOnSports boss David Carruthers’ US bail hearing tonight. In the US the Dow Jones Industria...