Banks are leading the way for the FTSE100 this morning, with concerns on US financials showing no sings of impact so far. The index is currently 22.10 points (0.37%) ahead to 5992.20.
Home Retail is leading the gains in early trading, up 3.88% to 247.75. Then come the banks – Barclays is 3.55% higher to 364.50, Royal Bank of Scotland 3.51% ahead to 258.25 and HBOS 3.45% forward to 352.25. Supermarket Morrisons is down despite recording a 7% rise in quarterly like-for-like sales. It is 2.82% lower to 284. Miners are losing ground this morning on falling prices, Lonmin is 2.69% down to 3361 and Anglo American is 2.03% behind to 3332. In New York, Wall Street gave back significant gains in late Wednesday trading as worries over bond insurers Ambac and MBIA led to rene...
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