HBOS, RBS recover lost ground

HBOS and Royal Bank of Scotland continued to recover lost ground today as the FTSE steadied after the global moves to tackle the financial crisis.

The FTSE 100 Index rose more than 100 points at one stage before settling 62.9 points higher at 4429.6 by mid-morning. It tumbled 5% yesterday during the latest bout of turmoil, but upward momentum was provided by overnight gains for Asian markets including Hong Kong’s Hang Seng, which rose more than 3%.

HBOS was the top riser, up 30%, 151.2p (192.1c), with its proposed merger partner Lloyds TSB up 20.5p (25.9c) to 230.5p (291.2c).

NatWest owner RBS cheered more than 15%, up . But Barclays, which fell heavily yesterday, was still on the back foot, down 15.75p (19.9c) to 262.5p (331.7c).

Elsewhere, FTSE 250 Index retailer WH Smith was up 8% after a 15% hike in underlying profits was accompanied by a resilient note on current trading. Shares rose 23.5p (29.7c) to 343.5p (434c), a gain of 7%.

But shares in convenience food chain Greggs were 6% or 200p (252.7c) lower at 3226p (4076.5) after cutting full year profit forecasts by £3m (€3.79m).

More in this Section

Serviced-office firm Iconic sees half of office workers returning by summerServiced-office firm Iconic sees half of office workers returning by summer

'Heartening to see' 30 jobs saved as High Court approves survival scheme for catering supplier'Heartening to see' 30 jobs saved as High Court approves survival scheme for catering supplier

Airlines handed £1.8 billion in emergency coronavirus loans from Bank of EnglandAirlines handed £1.8 billion in emergency coronavirus loans from Bank of England

Kerry company Fexco plans to cut at least 150 staff due to coronavirusKerry company Fexco plans to cut at least 150 staff due to coronavirus


Lifestyle

Nidge and co return for a repeat of a series that gripped the nation over its five seasons.Friday's TV Highlights: Love/Hate returns while Springwatch looks at rewilding

A family expert at the charity Action for Children advises how parents can maintain contact with kids after separation if there’s an access problem.My ex won’t let me see my child because I haven’t paid maintenance during lockdown. What can I do?

THREE years ago, when radio presenter Daniella Moyles announced that she was quitting, few could have guessed from her upbeat Instagram post the inner turmoil she’d been enduring.Daniella Moyles on how she beat anxiety

Leaders in the fields of mindfulness and meditation are offering free online support to help us de-stress and take control, says Margaret JenningsBreathe easy: Free online guidance on how to calm your mind

More From The Irish Examiner