Footsie surges on rate optimism and bid talk

London's equity market finished the week with a flourish, still responding to the highly encouraging economic news from the US…

London's equity market finished the week with a flourish, still responding to the highly encouraging economic news from the US on Thursday, which was perceived as diminishing the prospects of a further sequence of interest rate rises in the US.

And London was given an extra boost from growing expectations that the banking arena, among others, could be the scene of a further bout of consolidation, having already been set alight by the Bank of Scotland bid for NatWest.

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