Financials lead FTSE 100 rally

Schroders and London Stock Exchange Group led the way with both rising by 4.85% and 4.57% respectively. Positive market sentiment on Schroders comes after the fund manager announced yesterday that its pre-tax profits fell to £123m last year, from a little over £390m in 2007. Schroders put £167m of the reduced profit down to exceptional items, including losses on assets because of pan market deterioration and redundancy costs. Traders' views on London Stock Exchange Group come ahead of the expected announcement that the group will confirm Xavier Rolet as its chief executive to replace ...