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FTSE recovery led by financials

The FTSE 100 pulled back from losses in the previous two sessions with banking stocks lifting London equities higher.

By 12.48pm, the index was 1.5 per cent higher at 4,156 with Royal Bank of Scotland leading strongly with a 11.3 per cent gain to 36.40p.

Barclays was up 5.4 per cent to 244.75p. Lloyds Banking Group was up 6.7 per cent to 102p and HSBC was up 2.1 per cent to 466.75p.

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