FTSE back above 5,500 on Wednesday
The FTSE 100 rose on Wednesday thanks to miners and banks. By the close of trading the index was up 1.6 per cent by 89.1 points to 5,529.6.
FTSE gains as metals spur minersBanks did well with Barclays, HBOS, HSBC, Lloyds TSB, Royal Bank of Scotland and Standard Chartered up one to 6.7 per cent. Bradford & Bingley also saw its shares rise 27.2 per cent.
Oil firms BP, Royal Dutch Shell and Petrofac saw their share values decline. Tullow Oil however rose 0.5 per cent.
Miners made gains with Anglo American, Antofagasta, BHP Billiton, Ferrexpo, Rio Tinto, Vedanta Resources and Xstrata up 0.5 to 5.1 per cent.
London Stock Exchange rose 10.3 per cent.
WPP Group and Taylor Nelson Sofres (TNS) rose 1.2 and 10.7 per cent respectively after WPP launched a hostile takeover bid for TNS. German firm GfK said it would be making a counter bid.
Other firms to see their share values rise were BSkyB, ITV and Yell Group.
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