FTSE 100 rebounds up 2.34 per cent
FTSE 100 rebounds up 2.34 per cent
Tuesday 1st December 2009
The FTSE 100 ended the day up 121.49 points, 2.34 per cent, as fears over Dubai's debt eased.By the end of trading on Tuesday the London index stood at 5,312.17.
Concerns over the Dubai economy saw markets worldwide slump at the start of the week but traders seemed buoyed by the news Dubai World has unveiled plans to restructure some £15.8 billion of its debt.
Mining shares led the gains today with Fresnillo up 6.94 per cent to 901.50p and Xstrata also up 67 points to 1,136p.
Lloyds Banking Group ended the day down over two per cent to 54p. TUI travel also fell to 244p after full-year results failed to live up to market expectations.
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