The credit crunch which swept across the FTSE last week appears well and truly over after the index climbed 74 points, or 1.19%, to stabilise at a healthy 6,270.
Northern Rock was among the early climbers, jumping 45 points, or 6.18%, to 773p, while Schroders, up 51 points to £13.31, and MAN Group, up 18.25p to 499.75p, will also be happy this morning. However, gains were stemmed by losses for three firms: Rentokil, down 3.5p, or 2.02%, to 169.5p, Persimmon, down 20p to £12.33, and Land Securities Group, which has dropped 22 points, or 1.21%, to £17.90. Recovery in the United States looks set to continue also with the Dow Jones closing more than 145 points to the good at 13236.13. Alcoa climbed a huge 1.62 points, or 4.68%, to 36.22. It was fo...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
