FTSE up 8%

The FTSE 100 Index jumped 8% today as hopes for another round of interest rate cuts led to the third biggest gain in the benchmark’s history.

FTSE up 8%
Wed, 29 Oct, 2008 - 17:22

The FTSE 100 Index jumped 8% today as hopes for another round of interest rate cuts led to the third biggest gain in the benchmark’s history.

Around £76bn (€97bn) was added to the value of UK blue-chips in the dramatic rebound. Financial stocks led the advance as the Footsie closed up 316.2 points at 4242.5.

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CourtsBusinessHeathrowPlace: UKPlace: LondonOrganisation: FTSEOrganisation: FootsieOrganisation: Federal ReserveOrganisation: Norwich UnionOrganisation: AvivaOrganisation: PrudentialOrganisation: StandardOrganisation: BankOrganisation: HBOSOrganisation: Royal Bank of ScotlandOrganisation: DebenhamsOrganisation: CometOrganisation: Kesa ElectricalOrganisation: BPOrganisation: Royal Dutch ShellOrganisation: Friends ProvidentOrganisation: FriendsOrganisation: StagecoachOrganisation: South West TrainsOrganisation: TescoOrganisation: Shore CapitalOrganisation: FerrexpoOrganisation: Old MutualOrganisation: Admiral GroupOrganisation: Stagecoach GroupOrganisation: Liberty InternationalOrganisation: FirstGroup
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