FTSE banks early gains

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The FTSE 100 is up 30.4 points, or 0.47%, to 6,492.8 in early trading, as the banking sector pushes ahead on bid speculation.

Royal Bank of Scotland Group is posting the biggest gains with a rise of 3.21% to £20.88, while Barclays is up 1.68% to 756p, following reports the race to buy ABN Amro is reaching the closing stages. Man Group is also up 1.97% to 568.5p, closely followed by miner Vedanta Resources which has added 1.72% to £14.21, while insurer Old Mutual has advanced 1.69% to 174.2p, although Alliance Boots is limiting gains with a fall of 0.57% to £10.53. However, Kingfisher is the biggest loser with fall of 1.02% to 267.25p, while Imperial Tobacco Group has slipped 1.02% to £22.39, Marks & Spencer ...

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