London's blue chip share index staged a record-breaking rebound today (Monday) as it soared nearly 10% in the biggest one-day gain in its 24-year history.
Around £90 billion was added to the value of Britain's blue chip stocks in the bounce back, which offered some welcome respite after last week's devastating falls.
The FTSE 100 Index gained 372 points to close at 4153, with tax cuts and pro-business measures in the Chancellor's Pre-Budget Report adding to an already buoyant mood in the City.
Stock markets globally also raced higher today after news of a US Government bail-out for banking giant Citigroup lifted confidence.
The Dax in Germany and France's CAC 40 both gained 10%, while the Dow Jones Industrial Average on Wall Street was more than 3% up.
