FTSE 100 jumps as banks take lead
FTSE 100 jumps as banks take lead
Thursday 16th April 2009
The FTSE 100 was up in early trading as banks saw gains, but an early peak slid as traders their teeth into the day.At 8:23 BST, the index was up 10.68 points – or 0.27 per cent – to 3,979.08, after initially rising a hair's breadth below 4,000 as hope the US recession may now be easing grew.
However, GDP data from China – showing the slowest growth rate on record for the first quarter of 2009 for the nation – kept a lid on optimism.
Lloyds Banking took the largest gains – up 5.47 per cent to 88.70p – while Barclays rose 5.06 per cent and Royal Bank of Scotland edged up 4.33 per cent to 28.90p.
Miners Fresnillo and Kazakhmys gained 3.25 per cent and 3.13 per cent respectively.
International distributor Bunzl was down 7.95 per cent – as the firm saw a fall in sales, despite revenue rising on currency shifts.
Experian fell 4.07 per cent, property group Liberty International dropped 3.01 per cent and miner Anglo American was down 2.50 per cent.
Last night in New York, the Dow Jones recorded a late rally pushing the index up 1.38 per cent to 8,029.62, while Chicago's S&P 500 climbed 1.25 per cent.
In Asia, the Nikkei was up 0.10 per cent.
Related News
P&O suspends cross channel services - 15/04/09
P&O Ferries has suspended its cross channel services as French fishermen again blocked Calais in protest at EU quotas
P&O Ferries has suspended its cross channel services as French fishermen again blocked Calais in protest at EU quotas
UBS to axe over 8,500 jobs - 15/04/09
Swiss banking giant UBS is to cut nearly 9,000 jobs as it struggles to weather the current financial storm
Swiss banking giant UBS is to cut nearly 9,000 jobs as it struggles to weather the current financial storm
Industrial heartlands suffering most from recession - 14/04/09
Cities in the Midlands, the north of England, Scotland and Wales that have yet to recover from previous recessions are suffering the most in the current downturn, research has shown
Cities in the Midlands, the north of England, Scotland and Wales that have yet to recover from previous recessions are suffering the most in the current downturn, research has shown
FTSE 100 rises on Lloyds Banking boost - 14/04/09
The FTSE 100 made a promising start, led by Lloyds Banking, as investors returned from the Easter break, rising 15 points in early trading to 3,999
The FTSE 100 made a promising start, led by Lloyds Banking, as investors returned from the Easter break, rising 15 points in early trading to 3,999
News Article Search
Quick Apply
News Archive