Another high street bank, Lloyds TSB, has substantially increased its profits again in the last year but boosted trading on the FTSE 100 by only a fraction this morning.
Lloyds TSB Group this morning reported second-half net income more than tripled to £2.1bn after selling businesses in New Zealand and Brazil, lifting its own share price 8.25p or 1.8% to 462.75p. This has helped to lift the FTSE 100 a fraction to 4556 points, while the FTSE All-Share index is also up 4 points or 0.2%, to 2275. Helping trading on its way was GUS, the high street catalogue store chain, after a ratings upgrade. GUS has so far gained 21p or 2.9% to 751.5p. In Asia today, the Topix index gained just 0.1% to 1132.03 by close of business in Tokyo, however, this was enough...
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