Banking stocks help shelter FTSE

Stronger banking stocks helped shelter the London market from concerns about the impact of tropical storm Gustav today.

Banking stocks help shelter FTSE
Thu, 28 Aug, 2008 - 12:54

Stronger banking stocks helped shelter the London market from concerns about the impact of tropical storm Gustav today.

Financials recovered from a weak start after figures from France’s Credit Agricole fuelled hopes the sector may be over the worst in terms of credit crunch write-downs.

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CourtsBusinessHeathrowPlace: LondonPlace: FrancePlace: Gulf of MexicoPerson: Taylor WimpeyEvent: GustavOrganisation: FTSEOrganisation: Credit AgricoleOrganisation: BPOrganisation: Royal Dutch ShellOrganisation: ShellOrganisation: Halifax Bank of ScotlandOrganisation: BarclaysOrganisation: Premier FoodsOrganisation: StagecoachOrganisation: South West TrainsOrganisation: Savills
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