Financials start FTSE rally

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The FTSE 100 has started trading strongly this morning, rising 33.8 points, or 0.58% to 5,853.9, after two days of losses.

Schroders and ICAP are leading the risers while oil and mining stocks are also improving. Schroders is currently up 1.72% to 887p, while ICAP has gained 2.17% to 459.25p. Meanwhile BP, Europe's second-biggest oil producer by market value said oil will continue to flow at Alaska's Prudhoe Bay oil field, causing it to gain 1.15% to 618p. And Anglo American, the world's No. 2 mining company, gained 0.52% to 2,315p, as copper prices rose, although Xstrata is currently down 0.49% to 2,242p. Elsewhere Barclays, Britain's third-largest bank by market value, has gained 1.2% to 643p, while ...

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