In London, markets climbed again in early trade, with the FTSE100 up 27.17 points (0.67%) to 4,080.15.
Bank shares were among the early leaders as the US bank sector continued to post positive quarterly results. Lloyds led the pack, up 5.35% to 94.5p, closely followed by RBS and Barclays, which climbed 4.55% and 4.1% respectively. Tesco shares also gained as the company was expected to announce sales of more than £53bn in the last financial year, equal to £1bn a week and cementing the supermarket group's place as the third biggest retailer in the world. Hammerson shares fell 2% to 295.25p as commercial property continued to suffer from falling prices, while rival Land Securities dipped ...
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