House of Fraser reports loss but FTSE still climbs

The FTSE 100 index is already up 21.9 points or 0.5% to 4589 within the first hour, on top of yesterday's 0.6% gain, while the FTSE All-Share index also rose 0.3% to 2275. House of Fraser is actually up 8p or 6.8% to 125 even though the UK’s third largest department store chain is making a loss. That loss has now halved compared with the previous period. Money handlers seem to be doing well this morning as Royal Bank of Scotland has gained 15p or 0.9% to £16.17 while Schroders, the money manager, added 19.5p or 3.1% to 649p. Consumer confidence is falling the US according to a rep...