FTSE registers big gain

London's blue chip share index rallied more than 2% ahead today, with banks leading the charge after UK savers saw the deposit guarantee upped to £50,000 (€64,218).

FTSE registers big gain
Fri, 03 Oct, 2008 - 18:15

London's blue chip share index rallied more than 2% ahead today, with banks leading the charge after UK savers saw the deposit guarantee upped to £50,000 (€64,218).

Hopes that the US House of Representatives would give America's 700bn (€505.5bn) bank bail-out the final thumbs up tonight added to the positive sentiment for Britain's banking sector.

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