Gains by bank stocks have helped the FTSE gain about 15 points to 5,025 this morning.
Barclays is up 8.5p to 569p, HBOS is up 7p to 851p, and Europe’s biggest bank by market value HSBC is up 4.5p to 858.5p. Compass Group, the caterer is up 3.75p to 257.75p after analysts at UBS raised their target share price. MmO2, the mobile phone network provider is up 1.5p to 124.5p after announcing its German business is to start offering music downloads to customers there. Rio Tinto is up 18p to 1,843p after the Chinese government said it would push to consolidate its steelmaking industry into a smaller number of larger companies. Iron ore producers have managed to negotiate 7...
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