Strong results sees FTSE surge

The FTSE 100 Index roared to its highest close since last October today as strong banking results and a renewed surge from mining stocks cheered investors.

Strong results sees FTSE surge
Mon, 03 Aug, 2009 - 19:00

The FTSE 100 Index roared to its highest close since last October today as strong banking results and a renewed surge from mining stocks cheered investors.

Barclays and HSBC surged almost 7% and 5% respectively after half-year surpluses of £3bn (€3.5bn) and US$5bn (€3.47bn).

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