The FTSE 100 was up marginally this morning by 0.60% by 8:44am with the London Stock Exchange Group regaining 3.73% of its 6% losses of yesterday.
The FTSE 100 was flat this morning as extreme weather conditions continued to plague the capital and affected many transport links.
Financials weighed down the FTSE 100 shortly after opening this morning as Barclays and RBS led the losers, with the sector sinking 2.91% and the index dipping 51.98 points (1.25%) to 4,097.66.
UK shares continued to fall as trading began today, after shares had previously tumbled on the back of the IMF's bleak forecast for the UK economy had given investors the jitters.
UK financials dented the stock market once again, and unfavourable reactions to the US's bailout plan caused further problems for Britain's biggest companies.
UK shares tumbled as trading began today after the IMF's bleak forecast for the UK economy worried investors.
Banks continued to reap the benefits of fresh investor confidence on Wednesday, with Lloyds Banking Group soaring more than 40%.
A positive note issued by Citigroup elevated banks on Wednesday and helped ease the FTSE into positive territory.
Standard Life's with-profits funds have recovered some of their value following a major downgrade in October 2008 it was announced today.
Financials stocks rose again Tuesday morning off the back of Monday's rally in the banking sector.