Banks power FTSE upwards

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The FTSE100 was up 39.50 at 6126.80 aided by positive news from the US and strong performance by the banking sector.

Barclays is one of the key movers while Royal Bank of Scotland is helping the rally following a report that a bid from private equity firm Texas Pacific Group could be made for its insurance arm. Cadburys is currently top of the winners list, up 55.50 to 630.00, on its first day of trading since its demerger from Schweppes. Next is in second place, up 68.00 to 1215.00. Oil and gas company BG Group has fallen the most this morning, down 22.00 to 1238.00, while British Energy Group has also had a weak start, down 6.50 to 751.50. In the US, the Dow Jones crept past 13,000 (up 189 to 13,0...

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