Prospective Barclays deal gives FTSE impetus

A reported $10bn (€7.4bn) deal in the offing for Barclays' asset management arm gave bank stocks a shot in the arm today.

Prospective Barclays deal gives FTSE impetus
Fri, 15 May, 2009 - 12:20

A reported $10bn (€7.4bn) deal in the offing for Barclays' asset management arm gave bank stocks a shot in the arm today.

Barclays leapt as much as 10% higher at one stage, helping its rivals recover ground lost in this week’s sharp correction.

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CourtsBusinessHeathrowPlace: USPerson: BlackrockOrganisation: FTSEOrganisation: Barclays'Organisation: BarclaysOrganisation: Royal Bank of ScotlandOrganisation: Lloyds Banking Group
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