London markets have opened solidly this morning with financials at the forefront of investor thinking. The FTSE100 is 9.60 points (0.16%) ahead to 6068.10.
Schroders is leading the way this morning; its non-voting stock is 2.84% higher to 922. RBS is also doing well as bids for its insurance arm look set to be revealed. Sainsbury is higher on a good day for supermarkets, up 2.42% to 349.75. Inter-dealer broker ICAP is ahead as rivals report solid business, up 2.15% to 617. General retailers are suffering so far though; Marks & Spencer is 3.66% lower to 381.25 and Next is down 2.03% to 1161. Its not all positive for financials, Lloyds TSB has slipped 1.65% to 387. In New York, Wall Street was positive after the memorial holiday week...
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