2 hours, 55 minutes ago LONDON (AFP) - The FTSE 100 soared on Monday, with the index of leading shares up 4.84 percent after leading banks accepted billions of pounds of taxpayers' money to prop up their ailing institutions.Leading indices across the world had plunged by almost a quarter in value last week on a collapse of confidence in the global financial system, while some shed as much as 10 percent on Friday alone in the worst performance for 21 years.
"We have had our first significant bounce in the markets for sometime now," City Index market strategist Joshua Raymond said in London.
Read More
