FTSE enjoys biggest one-day rise ever

The London market bounced back from Friday’s five-year low in spectacular fashion today.

The FTSE 100 Index rose by a record 9.8% or 372.1 points at 4153 after the rescue of banking giant Citigroup helped ease some of the uncertainty seen the previous week. European investors were also encouraged by a second successive positive session for Wall Street markets, following a 6% jump for the Dow Jones Industrial Average on Friday.