French bank brings FTSE lower while US fluctuates wildly

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UK bank stock values were dragged down on the FTSE 100 today after French Bank, Societe Generale, re...

UK bank stock values were dragged down on the FTSE 100 today after French Bank, Societe Generale, reported first-quarter profits were short of analyst forecasts. France's third largest lender pulled HSBC down, as Europe's largest lender, and subsequently knocked its rivals Lloyds TSB and Standard Chartered. HSBC fell 1% or 8.5p to 5248.5, Lloyds lost 4p to 773p and Standard Chartered, which takes 90% of its business from Asia, dropped 2% to 864p, to leave the FTSE 100 down 10.6 points at 5248.5. That said, BT saw an incredible 23p or 9% climb today to 279p after revealing that its ...

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