FTSE blog: FTSE 100 rises 2%
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11.52: The FTSE 100 has risen by 2.2 per cent this morning with banks continuing to lead the rally.
Royal Bank of Scotland made the biggest gains with the banks’ share price rising 7.6 per cent. Barclays and Lloyds Banking Group both saw their share price jump 6 per cent this morning.
10.12: The FTSE 100 has risen by almost 2.5 per cent in early trades with banks leading the charge for the blue-chip index.
The FTSE 100 currently stands at 5249.74 with Royal Bank of Scotland, Barclays and Lloyds Banking Group all among the top five gainers.
The bounce in early trading comes after business lobbyists criticised planned new regulations over the bank holiday weekend.
Markets across Europe were static in early trades, with the French Cac 40 up 0.3 per cent and the German Dax down 0.25 per cent.
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