London's FTSE 100 jumped 85 points or 1.2% to 7,066 points on Wednesday lunchtime after beleaguered Chinese property developer Evergrande cooled fears of an imminent collapse, stoking a sharp rebound in mining shares.Asian markets also recovered and US index futures were pointing up ahead of the open, while Brent crude advanced 1% to $75.40 per barrel and sterling recovered from overnight selling

London's FTSE 100 traded 0.94% higher at 7,046.34 points early on Wednesday after beleaguered Chinese property developer Evergrande negotiated a deal with domestic bondholders, cooling fears of an imminent collapse.Though Evergrande still has plenty of problems to fix including more bond payments later this week, today's deal would suggest catastrophe is not immediately around the corner.CORPORATE

UK markets make further gains in early trade on Tuesday as investors rally around more declines for the pound and the impact on large overseas earnings for many of the FTSE 100 companies. That comes as energy regulator Ofgem announces a probe into the recent power blackout and National Grid's (NG.) part in it.Sterling fell 0.4% against the dollar, taking cable (the nickname given to the pound doll