Some gains for FTSE

Northern Rock led gains on the London market today as shares in the stricken bank surged 7% on renewed hopes of a rescue from investment group Olivant.

Some gains for FTSE

Northern Rock led gains on the London market today as shares in the stricken bank surged 7% on renewed hopes of a rescue from investment group Olivant.

The bank gained 5.9p to 91.9p as it emerged that Olivant had been given access to the firm's banks and management, putting it on an equal footing with the rival Virgin consortium.

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