Investors regain confidence to aid 100-point FTSE rise

Nervous investors regained some confidence today as Government assurances over savings at Northern Rock put banking stocks back in favour.

Investors regain confidence to aid 100-point FTSE rise
Tue, 18 Sep, 2007 - 18:06

Nervous investors regained some confidence today as Government assurances over savings at Northern Rock put banking stocks back in favour.

Crisis-hit Northern Rock recovered 8% as investors tentatively returned to the stock, but Alliance & Leicester regained all of the ground lost yesterday amid the fall out from its Newcastle counterpart.

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