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FTSE continues climb

The FTSE 100 has climbed almost 2 per cent on Friday, recouping some of the losses made earlier in the week.

At 2.20pm, the FTSE 100 index stood at 4,362.41, a rise of 81.55 points.

The biggest gain was made by Carnival, with shares rising by 6.81 per cent, with Man Group and Aviva also making strong gains. The biggest faller was Smith & Nephew, which is down 0.98 per cent.

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Take a long look

As both the Government and the FSA trundle the winding paths towards their very own elephant graveyards, one has to wonder at the bare-faced cheek of an organisation which seeks to defend the indefensible and continues to prop up the rotting struts supporting the disintegrating edifice.

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