The FTSE 100 index closed 50.7 points, or 0.9%, higher at 5,889 points today with strong performances from the banking sector.
Royal Bank of Scotland gained 0.99% to £17.36p - having earlier in the day fallen back 0.5% - after it reported a better than expected 23% increase in half-year profits to £4.51bn. Northern Rock added 3.35% to £11.25, Barclays rose 2.67% to 635.50p and Alliance and Leicester gained 2.11% to £10.16. PartyGaming rose 9.09% to 120p as it continued to gain applause for yesterday’s acquisition of Gamebookers. AngloAmerican also leapt 4.81% to £23.30 after it said underlying earnings for the first half leapt 47% to a record $2.5bn and it announced an additional $4bn buyback with a $1bn speci...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
