The FTSE100 has clawed back into positive territory this morning after more pain for US financials led to a poor start for the UK banking sector. London's blue-chip index is currently 0.60 points (0.01%) higher to 5362.90.
Mining giants are spearheading the revival, with Xstrata 2.92% ahead to 3309. BHP Billiton is doing well after announcing it will build a new oil and gas field off the Australian coast. BHP has climbed 2.73% to 1582. Oil player BG Group is also among the top stocks, 2.81% higher to 1098. Yesterday’s poor retail sales figures have not helped Marks & Spencer, falling 5.39% to 245.50 so far. The London Stock Exchange Group has continued its recent extreme volatility, 4% lower to 815. Standard Chartered is leading the bank losses, down 3.82% to 1536. Barclays is also behind, 3.74% lower to 33...
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