Footsie nearly reverses its losses

The FTSE 100 Index of leading stocks is up 53.4 points at 5077.5 at mid-morning, nearly reversing yesterday's 68-point slump.

Footsie nearly reverses its losses

The FTSE 100 Index of leading stocks is up 53.4 points at 5077.5 at mid-morning, nearly reversing yesterday's 68-point slump.

Telecoms and banking stocks are the main beneficiaries as the London market bounces back.

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