FTSE rebounds after euro hits four-year low

Shortly after 2pm, London's leading index was up 43 points, or 0.81%, at 5,305, with BP up 2.57% to 543.8p. Standard Chartered, up 77p, or almost 5%, to £16.99, is bucking the general downward trend experienced by banks recently and leads the winners. Its Kenyan subsidiary announced a 39% rise in Q1 pre-tax profits, while the bank has also been lifted by talk of a possible share listing in China to follow a similar move in India. Man Group, fresh from agreeing a $1.6bn deal to acquire rival GLG Partners, has slumped almost 9% to 202p. The euro began the week by hitting a four-ye...