Investment bank Goldman Sachs has made a bullish prediction London's leading share index will break through its all-time high over the next 12 months.
Shares in the Royal Bank of Scotland dropped as much as 6% after the bank reported its half year results and announced its new CEO.
The FTSE 100 has ended three straight days of losses to move 0.9% higher, returning to levels last seen at the end of May.
The UK economy's road to recovery will be arduous but do not write off its equity market, says Nathan Sweeney, investment manager at Architas.
Britain's top companies had a torrid 2012 as nearly a third of their profits were wiped out while revenue growth was sluggish at best, a new report has revealed, and profits would need to bounce back by 40% to justify the recent market surge.
Major indices across Europe traded lower on Wednesday, reversing gains made yesterday as the IMF cut Chinese growth forecasts.
Many UK-listed stocks have got off to a flying start in 2013, with indices approaching all-time highs, but some companies have been given a rough ride by markets, destroying shareholders' capital in the process.
Big moves in the technology and materials sectors helped the S&P 500 close at its highest ever level on Monday.
Stocks have room to rise, investors need to diversify across fixed income and seek yield globally and emerging markets deserve another look, is the advice to investors from J.P. Morgan Asset Management.
Global markets soared on Wednesday after the US Federal Reserve inadvertently released minutes from its latest policy meeting five hours earlier than planned.