The FTSE 100 has been bouncing up and down this morning, as different factors compete to pull the index higher and lower.
The Chancellor of the Exchequer Jeremy Hunt revealed his proposals this morning to help make the UK’s banks more “agile” and will be fleshing out those plans in parliament later this afternoon.
The prospect of “Big Bang 2.0” may be providing some festive cheer for the City today, but banking group Santander’s UK arm may not be the first to raise a glass – its woken up to a fine of £108mln for what the FCA is calling poor management of its anti-money laundering systems.
Among the large caps, Primark owner Associated British Foods is saying it remains confident in its full year outlook ahead of its AGM today, despite the various challenges facing UK high street retailers.
Housebuilder Berkeley released its interim this morning and is also sticking with its profit forecasts.
And in small caps, Argo Blockchain has seen a strong start to the day after announcing it mined 198 bitcoin during November, pulling in revenue of almost £3mln.