FTSE banks early gains

clock

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 ha...

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

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

Why the lead-up to the Budget may have been worse than the Budget itself

Why the lead-up to the Budget may have been worse than the Budget itself

What Rachel Reeves and Dr Evil have in common

Laith Khalaf
clock 13 November 2024 • 4 min read
Bank of England meets expectations with 25 basis point rate cut to 4.75%

Bank of England meets expectations with 25 basis point rate cut to 4.75%

'Continued progress' on disinflation

Valeria Martinez
clock 07 November 2024 • 2 min read
'Budget will be a reset for our economy' Reeves tells IMF colleagues

'Budget will be a reset for our economy' Reeves tells IMF colleagues

Autumn Budget on 30 October

Linus Uhlig
clock 24 October 2024 • 2 min read