In London, markets rose as it looked like the Fed would cut US interest rates and ease the sub-prime market crisis and the FTSE 100 closed up 91.3, or 1.47%, to 6,303.3.
Vedanta Resources gained 74 points, or 4.38%, to £17.63, followed by Rio Tinto, which added 123 points, or 3.72%, to £34.30. Imperial Tobacco shares were up 70 points, or 3.22%, to £22.41, Morrison Supermarkets added 8.75, or 3.15%, to 286.25p and Tate & Lyle were up 17 points, or 3.11%, to 564.5p. Home Retail sjares fell 4.5 points, or 1.07%, to 414.25p, Mitchells shares fell 5.5 points, or 0.77%, to 712.5p, while Capita lost 4 points, or 0.53%, to 750.5p. On Wall Street, shares surged in early trading after news that George Bush would announce a Government solution to the sub-prime c...
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