UK stocks rebounded on Tuesday led by significant gains for Stagecoach , owner of Britain's biggest rail franchise.
INCREASINGLY PESSIMISTIC fund managers are hoarding cash because they believe share prices are set to fall for the rest of the year, according to Merrill Lynch.
UK stocks are trading well this morning as the FTSE 100 Index is up about 18 points to a new 28 month high of 4,746 with lower crude prices providing a shot in the arm for oil-dependent stocks.