LONDON, Feb. 25 (Chinese media) -- The London stock market rose during Wednesday morning trade after signals that there were no plans to nationalize U.S. banks.
By 1203 GMT the FTSE 100 index was up 23.87 points, or 0.6 percent, at 3,840.31, although it had been up more than one percent earlier in the day following the comments from U.S. Federal Reserves chief Ben Bernanke.
Financial stocks had a strong morning, with Lloyds Banking Group up 8.9 percent and Royal Bank of Scotland 6.8 percent higher.
Gainers also included Cadbury, up 1.8 percent after it reported a 30 percent rise in 2008 profits.
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