Financials front solid FTSE start

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Early gains for a handful of financial stocks has driven the FTSE 100 higher in early trading this morning - up 28.5 points, or 0.67% to 4,277.66.

Schroders (non-voting) shares are leading the way this morning, 3.98% ahead to 680p. Also higher is the Royal Bank of Scotland, despite Panorama exposing it was only a week or so away from going bust at the height of the banking crisis. RBS is 3.86% up to 43p. While insurer Aviva has advanced 3.55% to 378.75p, other sector peers have started sluggishly - with Legal & General down 3.82% to 73.1p and Royal & Sun Alliance behind 3.42% to 144.20p. In the US overnight, news Toyota is poised to post is first loss since World War II has hit the American car makers, with the already ailing Gene...

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