FTSE 100 rises on banking rally
Monday 23rd February 2009, 9:05AM GMT.
The FTSE 100 rose slightly in early trading but stayed under the 4,000 mark, despite a financial stock rally.
By 08:43 GMT, the index had climbed to 3,944.36, a 1.58 per cent rise from Friday’s close of 3,889.06.
Royal Bank of Scotland shares jumped 20.21 per cent to 23.20p, while Barclays shares rose 9.03 per cent to 103.80p and Lloyds TSB rose 8.88 per cent to 61.30p.
Most shares on the index were rising, with only Schroders, down 0.21 per cent, and Autonomy Corporation, down 0.08 per cent, falling after opening.
The FTSE closed below the 4,000 mark for the first time in three months on Friday, on concerns the recession is deepening.
However, investors seem to have become more confident in the stability of banks since an announcement this morning from RBS that it will be creating a non-core division for its unwanted assets.
Shropshire Star on Twitter
Keep updated with the latest breaking news and content on our Twitter feed.
Lifestyle
Interactive Dining Out map
Hundreds of reviews by the Shropshire Star and Express & Star's teams to help you decide where to eat.
Entertainment
All the film reviews
Before you plan a trip to the pictures, get our critics' verdicts on all the latest movie releases.
OUR NEW APP
Get the new Shropshire Star app
Download the Shropshire Star’s new app to your iPad or iPhone to get one week of access to our digital newspapers absolutely FREE.
shropshirestar.com
Popular sections
Useful links
