Financials are thriving in London this morning with a strong mining sector closely following to drive the FTSE 100 51.80 points (0.88%) ahead to 5958.70.
Experian is surging after the credit checking agency posted revenue growth despite tough US and UK conditions; it is currently up 8.15% to 385. Reports the Bank of England may swap mortgage-backed bonds on lenders' balance sheets for Government bonds has led Alliance & Leicester to a smart start, 5.57% ahead to 497.75. Barclays and Royal Bank of Scotland are also doing well, up 4.29% to 468.25 and 4.09% to 362.75 respectively. However, Legal & General is sliding after it released static Q1 results this morning, down 4.97% to 124.40. Orthopaedics giant Smith & Nephew is 2.24% lower...
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