The FTSE was up 27.5 points (0.5%) to 5271.63 points, buoyed by gains among mining firms.
THE EUROPEAN UNION has stripped Greece of its vote at a crucial meeting next month - the worst humiliation ever suffered by an EU member state, reports The Telegraph.
The eurozone economy will only grow around 1% this year, according to the head of the single currency block.
UK inflation has hit 3.5%, prompting Mervyn King to write a letter of explanation to the Chancellor.
Barclays has reported a 92% increase in full-year profits.
Barclays jumped 8% in early trade after posting bumper annual profits, helping the FTSE to a 1.2% gain.
UBS Global Asset Management has appointed John Nestor as head of the UK.
Liontrust Asset Management is to launch its European Value fund next month.
Matrix is expecting double digit returns from its Asian Property Income fund on the back of a strong recovery in the Hong Kong and Singapore markets.
The Government could take until 2015 to offload the bulk of its stakes in the UK's partly nationalised banks, longer than many fund managers were expecting.