Markets soar as GM set for bankruptcy

The FTSE 100 is powering ahead led by a strong start for the mining sector; the blue chip index has advanced 72.61 points (1.64%) to 4490.55 at 8:30am. Other major European markets are also well ahead, with Frankfurt's Dax adding 3.16% to 5096.71 and Paris' CAC 40 is 2.43% ahead to 3357.25. In London, the miners control the top four performances so far, with Vedanta and Rio Tinto up 5.82% to £16.73 and 5.43% to £29.52 respectively. Xstrata is also doing well, 5.34% higher to 720.50p and Kazakhmys is 5.14% ahead to 726p. Catering group Compass is the only stock in decline so far, dow...