London markets surged forward this morning as better-than-expected results from RBS raised hopes the...
London markets surged forward this morning as better-than-expected results from RBS raised hopes the banking sector may be over the worst of the credit crisis. The main FTSE 100 index climbed 46.3 points (1.05%) to 4,444.98, with banks and resources firms leading the way. RBS added 8.17% after revealing it made a £44m loss in the first quarter of 2009. The result was considerably better than its record £24bn loss in 2008. Rival Lloyds climbed 5.26% to 102.1p. Mining company share prices were bolstered by rising metal prices, with Rangold Resources up 4.3%, Xstrata added 4.23% and Lo...
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