FTSE 100

London and European stock markets edged up as the G20 talks in Cannes continued on Friday, with Royal Bank of Scotland boosting the UK after climbing 5% on its profits update.

Both the German Dax and the French Cac 40 are rallying on hopes Greece is more likely to accept the debt deal, and as the ECB takes action to tackle the crisis.

Banking shares plunged this morning, leading markets lower, following news Greek prime minster George Papandreou has called a referendum over last week's eurozone rescue deal.

Markets opened lower today as investors paused for breath following last week's Europe-led rally.

The FTSE 100 has dipped back below 5,700 but remains on course to post its largest monthly gain since 1990.

The IMA is consulting on scrapping current labels for the Managed sectors in favour of more simplified A, B, C, D categorisation.

Eurozone optimism has buoyed markets this afternoon with almost all major indices in positive territory.

US markets opened lower today as investors remained cautious on tomorrow's European summit aimed at solving the sovereign debt crisis.

The FTSE 100 soared to its highest level since early August in morning trading, as investors remained hopeful of a resolution in Europe.

Retailer prospects