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FTSE100 closes up as Yellen signals rate rise caution
UK shares finished higher on Wednesday as European indices also rose and as Fed chair Janet Yellen outlined the Central Bank's take on the global economy. .
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UK shares finished higher on Wednesday as European indices also rose and as Fed chair Janet Yellen outlined the Central Bank's take on the global economy. .
The FTSE 100 Index climbed 60 points to 5692 as banks regained their poise
The FTSE 100 Index gave up early gains as banks fell but AstraZeneca was among the risers
RBS also put aside £1.5bn in relation to various US residential mortgage-backed securities litigation claims
The FTSE 100 Index was 10.8 points adrift at 5889.17p as oil prices continued their downward trend
Investments and investor services
Royal Mail, BAE Systems, Sainsbury / Home Retail, Kingfisher, Next, HSBC and Direct Line were all in the broker spotlight on Wednesday.
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It was a bad day for mining companies as mineral prices crumbled, but a good one for UK oil & gas players
Leading the way on the index was Standard Chartered
Below are the main news-driven share price movements at 4pm
Investments and investor services
It was a stress-free day for the bulls as the banks bounced higher after the results of the Bank of England's stress tests
The FTSE 100 Index increased 32.8 points to 6388.89 at lunchtime
Investments and investor services
RBS and Standard Chartered rose despite failing to meet all the stress test targets
RBS and Standard Chartered were found to be the weakest of seven major UK banks
Andy Haldane, the BoE’s chief economist, worked out up to 15mln of us could lose our jobs to robots in the coming decades.
Paul Walsh will join the bank's board in January next year
The Footsie rose 39.57 points to 6314 while mainland European shares also gained
Lower revenue and higher costs saw profits slide in the first half
The FTSE 100 Index fell 23.87 points to 6,337 at lunchtime
Investments and investor services
The FTSE 100 Index fell 25.5 points to 6335 in early trading