FTSE 100 up 2% as 'remain' camp builds head of steam
The FTSE 100 opened strongly as predicted, with the opinion polls suggesting the ‘remain campaign’ has a narrow lead ahead of the crucial vote on Thursday.
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LON:LLOY
Lloyds Banking Group has many household names like Lloyds Bank, Halifax, Bank of Scotland and Scottish Widows. Lloyds Banking Group is a leading UK based financial services group providing a wide range of banking and financial services, focused on personal and commercial customers. The Group’s main business activities are retail, commercial and corporate banking, general insurance, and life, pensions and investment provision. The Group operates the UK’s largest retail bank and has a large and diversified customer base.
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The FTSE 100 opened strongly as predicted, with the opinion polls suggesting the ‘remain campaign’ has a narrow lead ahead of the crucial vote on Thursday.
The FTSE100 index popped its head above 6,000 early in the session and managed to stay there into the Friday close, drawing and end to a difficult Brexit fears week
Footsie is on track to finish a rough week on a positive note
Banks lead the way higher as fears of a Brexit recede
The chancellor warned a vote to leave would be a major blow to the health of the UK economy and the Capital.
MPs to quiz Dominic Chappell, the final owner of BHS, this week about £10mln payment by Sir Philip Green
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"While we cut our forecasts by 1-3% to reflect weaker trends in London for the Midway division, we remain confident in Merlin's recovery potential in 2016/17," said the broker
A look at some of the most topical and trending stories of the day
Big banks welcome watchdog's review but rivals and consumer groups brand it inadequate
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UBS has picked up on telecoms giant BT and upgraded the shares to 'neutral' from 'sell' saying the risk from mobile is lessening.
Investments and investor services
The Footsie was 70.7 points adrift by lunchtime, although Taylor Wimpey rallied after an update
In keeping with the nature of this column, social network giant Facebook (NASDAQ:FB) was a major focus today, but so too was UK State backed Lloyds (LON:LLOY), retailer BHS and the Fed.
Some risers and fallers in London at 1pm on Thursday....
Investments and investor services
Blue-chips the world over are in retreat after the Bank of Japan's decision not to introduce new stimulus measures but investors on Aim could care less
The state-backed bank said statutory pre-tax profits were £654mln against £1.2bn a year ago
Other companies reporting include Lloyds Banking, Taylor Wimpey and WPP
After Silicon Valley giants Alphabet and Microsoft disappointed this week, next Tuesday brings Apple Inc’s second-quarter earnings.
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Liberum slides under bikes, cars and maintenance firm Halfords Group PLC and repeats a 'sell', although the broker says there are some clear positives about the group, including a healthy balance sheet.
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Horizonte Minerals and its game-changing deal, Chinese Green Dragon subsidy and hefty write-offs for troubled IPSA.
Silver miner among 50 UK-listed companies set to boost divis more than 10% in each of next three years