FTSE almost static at midday

Better-than-expected results from US investment banking giant JP Morgan failed to inspire the London market today as the FTSE 100 Index stuck close to its opening mark.

FTSE almost static at midday
Thu, 15 Jul, 2010 - 13:30

Better-than-expected results from US investment banking giant JP Morgan failed to inspire the London market today as the FTSE 100 Index stuck close to its opening mark.

The firm kicked off the bank reporting season with profits of $4.8bn (€3.74bn) for the second quarter, despite a UK bonus tax charge of $550m (€429m).

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