Bank stocks boost FTSE

A much-needed rally for banking stocks helped power the FTSE 100 Index to a gain of more than 2.5% today.

Bank stocks boost FTSE
Thu, 17 Jul, 2008 - 19:02

A much-needed rally for banking stocks helped power the FTSE 100 Index to a gain of more than 2.5% today.

The Footsie closed 135.7 points higher at 5286.3, boosted by better-than-expected figures from US bank JP Morgan, which helped the banking sector claw back recent hefty losses.

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CourtsBusinessHeathrowPlace: USPlace: LondonPlace: UKPlace: Severn TrentPerson: Taylor WimpeyOrganisation: FTSEOrganisation: FootsieOrganisation: JP MorganOrganisation: Royal Bank of ScotlandOrganisation: BarclaysOrganisation: RBSOrganisation: HBOSOrganisation: Bradford & BingleyOrganisation: MothercareOrganisation: Marks & SpencerOrganisation: ITVOrganisation: Cairn EnergyOrganisation: Tullow OilOrganisation: CairnOrganisation: TullowOrganisation: GasOrganisation: CentricaOrganisation: British EnergyOrganisation: Trinity MirrorOrganisation: UBSOrganisation: StandardOrganisation: Old MutualOrganisation: Eurasian Natural Resources
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