Shares in the largest Scottish companies - in particular the banks - helped power the FTSE 100 higher this morning after the results of the Scottish referendum revealed the country had voted to remain part of the UK.
Shares in the largest Scottish financial institutions rose after the opening bell, with Royal Bank of Scotland opening up 3.4%, Aberdeen rising 1.3% and Standard Life 1.9% higher. Lloyds Banking Group was also firmer, up 2.8% at 77.99p. The wider FTSE 100 index rose 45 points or 0.7% to stand at 6,863, adding to its 0.6% gains on Thursday ahead of the referendum results. Analysts across the City widely expected a relief rally this morning, after the referendum outcome removed the uncertainty lingering over Scotland and the rest of the UK for months. Some fund managers have pulle...
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
