The cut in Chinese interest rates and comments from Europe's central bank chief have lifted global markets. The People's Bank of China cut its one year deposit rate to 2.75% from 3.0% to try to revive its economy.
Royal Bank of Scotland has admitted that it mis-calculated its financial strength under European tests of major banks' financial stability earlier this year.
U.S. financial markets surged in early trading Friday as investors cheered a surprise interest rate cut in China and a hint of further stimulus for Europe from the head of the region's central bank.
Ophir Energy has slumped nearly 6% after it proposed a �267m offer for Salamander Energy to boost its presence in south east Asia.
Pelamis Wave Power Ltd., a U.K. maker of systems that harness the power of the ocean to generate electricity, said it's been unable to raise the money needed to continue development.