The FTSE 100 finished Monday 47 points higher to 5338 despite slipping back from stronger early...
The FTSE 100 finished Monday 47 points higher to 5338 despite slipping back from stronger early morning gains.
Fund manager Schroder finished on top of a 60 strong pile of FTSE 100 gainers. The group climbed 88p to 884.5p.
Press speculation pushed shares in Standard Chartered up 64p to 864p. The weekend press reported that Barclays, Lloyds TSB and Citigroup are all interested in bidding for the group.
Banking shares had a reasonable day, with Lloyds up 16.5p to 742.5p after it said it limited cost growth in its first half. HSBC added 15p to 844.5p and Royal Bank of Scotland rose 20p to 1,693p.
Next was amongst the worst FTSE 100 performers as the retailer slipped 41p to 899p.
Over in the US, at midday all the key indices were marginally higher. The Dow Jones added 49 points to 9916, the Standard & Poor's 500 gained 5 to 1143 and the Nasdaq rose 16 to 1915.
AOL fared well as it gained 70 cents to $37.60. The group's Warner Brothers division raked in a record $93.5m from the hit Harry Potter film. The franchise, which includes six more movies, could generate more than $3bn in revenues for AOL.
Conoco and Phillips Petroleum enjoyed decent gains after announcing an agreement with each other to form the third largest US oil company in a $15.4bn merger. Philips added 62 to $52.44 whilst Conoco added 42 cents to $24.72.
Putting the tech into protection
Square Mile’s series of informal interviews
Fallout from Haywood suspension
Launching later in 2019
£80bn funds under calculation