Banks edge FTSE above 5,300
The FTSE 100 share index rose on Friday. By the end of the day the index was up 0.7 per cent by 38.8 points to 5,300.4.
FTSE gains as metals spur minersBanks did well with Barclays, Bradford & Bingley, HBOS, Lloyds TSB and Standard Chartered up 0.8 to 2.8 per cent. Alliance & Leicester however soared over 50 per cent after news of a takeover of the bank by Spanish firm Santander.
Miners were also up with Anglo American rising 2.8 per cent, BHP Billiton up 3.1 per cent Eurasian Natural Resources up eight per cent, Kazakmhys up 6.2 per cent and Vedanta Resources rising 2.6 per cent.
Oil companies dropped however with BG Group, Cairn Energy, Royal Dutch Shell and Tullow Oil down 0.3 to 2.1 per cent.
Among the other winners of the day were ITV who rose 12 per cent and brewers Diageo and SABMiller who both rose 1.5 to three per cent.
- 1 RBS gets Chinese approval for Suzhou stake
- 2 June retail sales fall less than expected
- 3 Rage in Kashmir meets Indias brute force
- 4 Trade-weighted pound hits weakest in 12 years
- 5 Oil tumbles below $109 as Gustav concerns recede
- 6 Bank holds rates but cuts seen in 2009
- 7 Oil falls below $108 on demand
- 1 Local private investors could miss an upturn
- 2 BoE expected to hold interest rates steady at 5 pct
- 3 Markets see ECB rates on hold through first half of yr
- 4 Fears of slowdown could veer China into trouble
- 5 BP Russian partners say row solved
- 6 Investors lift stocks, keep exposure thin
- 7 Branson eyes Gatwick airport
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