FTSE recovery breaks 12-session losing streak

A LATE rally saw the FTSE 100 Index shake off its record-breaking losing streak and close up for the first time in 12 sessions today.

Slight gains on Wall Street and a smattering of bargain hunters saw the index nudge ahead 9.2 points to 3490.0 by the close of day.

After sprinting out of the starting blocks the Footsie lost all its early lead despite a reassuring statement about the health of the British economy by Downing Street.