Morning Markets: FTSE rallies after recovery talk

The FTSE 100 jumped 9.01 points (0.21%) in early trading, rising to 4203.92 by 8.20 this morning.

The movements were driven by a mixed bag of business, all buoyed by the British Chambers of Commerce's (BCC) belief the worst of the UK recession is over. Based on a survey of 5,600 companies, the BCC found there has been "welcome progress" in confidence levels between April and June, although it warns talk of recovery is premature. Pharmaceutical firm Shire leads the pack, gaining 2.69% to 860p. Kazakhamys has added 2.54% to 606.5p, while Vedanta Resources is up 1.92% to £13.25. Conversely, Randgold Resources has fallen 1.71% to £37.39p. Home improvement businesses Wolseley ...