In the UK the FTSE has started well, adding 27.20 points in its morning session to 5341.90, led by Standard Chartered.
The UK bank has picked up as much as 64p or 5.7% to 1189p, after reporting a 28% increase in first-half profit aided by acquisitions and rising revenue at its consumer and corporate banking units. Cable & Wireless has also lifted 2.5p to 164.75p. The Sunday Times reports the communications firm’s proposed bid for Energis is being opposed by some Energis investors who want more money. International Power meanwhile has slipped 2.25p to 223p. The company posted an 84% rise in first-half profit late last week. In Tokyo the Nikkei 225 Stock Average advanced 0.1% to 11,778.98 at its close e...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes