Positive news for Barclays helps FTSE hold steady

clock

A strong performance from banks including Barclays, Lloyds and RBS helped the FTSE hold steady on opening this morning at 3,925 points.

By 9am, Barclays rose 7.8% to 151p, Lloyds was up 7.5% to 74.2p and RBS was 1.5% higher to 27p. Shares in Barclays were boosted by reports this morning it has passed a stress test by the FSA to judge if it needs additional capital. Insurers had a less promising start to the day with Prudential and Aviva both in the list of the bottom five performing stocks. Pru's share price fell 3.46% to 335p whilst Aviva saw a slump of 1.84% to 240.50p. Man Group too took a hit, down 2.40% to 213.75p. However, the FTSE received a boost from the performance of US markets with the Dow closing up 174 p...

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

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

UK inflation rises to 3.8% in July

UK inflation rises to 3.8% in July

Core CPI also up to 3.8%

Sorin Dojan
clock 20 August 2025 • 2 min read
Bank of England meets expectations and cuts rates to 4%

Bank of England meets expectations and cuts rates to 4%

Lowest level in two and a half years

Isabel Baxter
clock 07 August 2025 • 4 min read
Think tank warns UK fiscal hole could surpass £50bn by 2030

Think tank warns UK fiscal hole could surpass £50bn by 2030

Government not on track to meet ‘stability rule’

Sorin Dojan
clock 06 August 2025 • 1 min read