FTSE posts sharp gains on stimulus move and oil price
UK stocks soared on Wednesday after the chancellor promised greater fiscal support for struggling businesses, spurring a major rally in bank shares.
At the same time a decision Saudi Arabia to reduce output by more than expected sent Brent crude futures up 1% to $54 per barrel, their highest level since February 2020, sparking a rally in major oil stocks.
By the close the FTSE 100 index of ...