New high for FTSE

The FTSE 100 Index set a new high for the year today after bumper profits fuelled hopes the worst may be over for the beleaguered banking sector.

New high for FTSE
Mon, 03 Aug, 2009 - 12:51

The FTSE 100 Index set a new high for the year today after bumper profits fuelled hopes the worst may be over for the beleaguered banking sector.

Shares in Barclays and HSBC surged 7% and 6% respectively after half-year surpluses of £3bn and $5bn (€3.5bn).

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