FTSE closes almost 50 points higher

London's FTSE 100 Index shrugged off concerns in the banking sector today as a buoyant session on Wall Street helped blue chips make gains.

FTSE closes almost 50 points higher
Mon, 24 Jan, 2011 - 17:19

London's FTSE 100 Index shrugged off concerns in the banking sector today as a buoyant session on Wall Street helped blue chips make gains.

Lloyds Banking Group and Royal Bank of Scotland were among the heaviest fallers on the Footsie after a speech by the chairman of the Independent Banking Commission sparked fears over plans to overhaul the industry.

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