The FTSE was woken from early-trading inertia as strong financial-share performance overpowered drops...
The FTSE was woken from early-trading inertia as strong financial-share performance overpowered drops in the oil and mining sectors throughout Tuesday. Yesterday evening Paris-based bank Société Générale announced a better-than-expected 63% Q2 profit drop which buoyed UK morning markets. And Barclays today reported it will make a £330m gain from the sale of its life assurance business to Swiss Re – shares of the bank rose 4.9% immediately after the announcement. Strong numbers from Legal & General also contributed. Further oil price falls as low as $118 per barrel and falling metal p...
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