FTSE regains ground after yesterday's losses

Having dropped below the 4400 mark at the end of play yesterday, the FTSE 100 index is so far up 27.1 points or 0.6% to 4425, while the FTSE All-Share index has risen 13.19 points or 0.6% to 2212. MMO2, the mobile phone operator, has received a ratings upgrade from Morgan Stanley, even though the firm last month turned down a takeover bid. MMO2 is up 3p or 3% to 102.5p. Banking group Lloyds TSB has also advanced 4.5p or 1.1% to 415.25p after UBS shifted its holding to “overweight”. This has helped to lift the share prices of other banks, including HBOS which is up 0.7% to 727p and Roy...