FTSE snaps out of losing streak

Shares in Barclays rallied 6% today amid speculation that it is on the brink of announcing the £3bn (€3.31bn) sale of its iShares arm.

FTSE snaps out of losing streak
Thu, 09 Apr, 2009 - 12:41

Shares in Barclays rallied 6% today amid speculation that it is on the brink of announcing the £3bn (€3.31bn) sale of its iShares arm.

The balance sheet boost caused shares to rise 9p to 166.8p during a strong session for the sector as Royal Bank of Scotland cheered 1.4p to 27.5p and Lloyds Banking Group rose 2.1p to 73.8p. HSBC was 9.25p higher at 446.25p.

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