Banking stocks spur FTSE

Banking stocks were higher in London today as a takeover deal for US credit card firm MBNA spurred speculation of further consolidation in the sector.

Banking stocks spur FTSE
Fri, 01 Jul, 2005 - 12:52

Banking stocks were higher in London today as a takeover deal for US credit card firm MBNA spurred speculation of further consolidation in the sector.

Standard Chartered and Barclays led the way for financial stocks after Bank of America revealed last night that it was paying $35bn (£19.5bn/€29bn) for MBNA.

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