London traders entered a buying frenzy late on Monday afternoon as US markets opened on a positive note, with the FTSE100 jumping 155.25 points (3.82%) to 4,218.26.
Prudential shares continued to lead the pack, up 18.06% to 318.75p after reports suggested the firm is considering buying a stake in its American rival AIG. Royal Bank of Scotland climbed 13.12% to 77.6p. Royal & Sun Alliance shares fell 8% to 110.4p while Friends Provident dropped 3.72% to 72.2p. The Dow Jones made gains in early trading on Wall Street, up 158.42 points (1.79%) to 9,010.64 as investors spirits were buoyed by continued global co-operation to solve the financial crisis. AIG rose after making considerable losses on Friday, up 9.05% to $2.29, while Chevron saw its shares a...
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