Banks and drugs pull FTSE higher

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The benchmark FTSE 100 is currently up 29.50 points to 4,246.90 after UK stocks opened Wednesday mor...

The benchmark FTSE 100 is currently up 29.50 points to 4,246.90 after UK stocks opened Wednesday morning on a positive note, paced by HSBC Holdings and GlaxoSmithKline. HSBC, one of today's biggest gainers, advanced 11p to 809p. The drugmaker GlaxoSmithKline rose 2p to 1,240p. Cattles a provider of unsecured loans to low- income households, climbed 7p to 333.5p after the provider of loans said first-half profit rose almost 30% to £33.9m after it gained new customers. Parkman Group's shares jumped 11.5p to 247.5p after agreeing to be bought by competitor Mouche...

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