FTSE rises after Goldman gains

clock

London shares climbed in early trading, with the FTSE100 index up 12.79 points (0.32%) to 3,996.5.

Strong bank performance in the US helped boost British bank shares, with Barclays up 11.15% to 197.3p, while Lloyds jumped 8.9% to 86.6p. BT shares were hit following reports it will make a £1.5bn writedown in its global services unit, dropping 4.07% to 77.7p. The Dow Jones was down as markets closed for the Easter weekend, dropping 25.57 points (0.32%) to 8,057.81. Bank shares performed well after Goldman Sachs posted better-than-expected results, with Citigroup up 25% to $3.80 while Bank of America added 15.4% to $11.02 and JP Morgan Chase shares climbed 2.9% to $33.70. However, i...

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

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
Chancellor Khalaf has a plan to make our economy boom

Chancellor Khalaf has a plan to make our economy boom

'So, Sir Keir, if you're reading, I do genuinely hope Rachel is doing okay. And my number's still the same. So, you know, call me'

Laith Khalaf
clock 25 July 2025 • 5 min read