FTSE rebounds

The London market was in a bullish mood today after a continued rebound for mortgage lender Northern Rock lifted financial stocks.

FTSE rebounds
Tue, 09 Oct, 2007 - 12:35

The London market was in a bullish mood today after a continued rebound for mortgage lender Northern Rock lifted financial stocks.

The Newcastle-based bank was more than 18% ahead after the Treasury granted an extension to its deposit guarantee to include new accounts in a move to give it more breathing space as it continues to explore its strategic options.

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