FTSE soars in morning trading

Takeover speculation and hopes of a dividend hike from Royal Bank of Scotland caused shares in the financial sector to surge today.

Mon, 25 Feb, 2008 - 11:24

Takeover speculation and hopes of a dividend hike from Royal Bank of Scotland caused shares in the financial sector to surge today.

With the Dow Jones Industrial Average also finishing strongly on Friday, the FTSE 100 Index spent some of the session above the 6000 barrier. By mid-morning, the Footsie was 108.7 points stronger at 5997.2.

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