Morning Markets: FTSE again advances after Tuesday tumble

The FTSE 100 has this morning begun to reclaim some of yesterday's losses, with a buoyant Schroders ahead early on the back of an upgrade from Morgan Stanley analysts.

London's blue chip index was up 8 points (0.18%) to 4,537 in early trading, having lost 50 points (1.1%) on Tuesday. The asset management group's ordinary and non-voting shares were the top performers, up 3.9% to 944.5p and 3.4% to 810.5p respectively. Mining shares, which contributed strongly to yesterday's losses, were still prominent among early declines, with BHP Billiton down 2.14% to £15.06, Anglo America 1.8% lower to £18.02 and Rio Tinto 1.73% behind to £22.98. On Wall Street, the Dow Jones also closed down yesterday, 11.79 points (0.13%) lower to 9,096.72. Pfizer was th...