London's top stocks have given up some of yesterday's triple-digit gains in early trading, with the FTSE 100 down 0.72%.
Similar to other European indices, the FTSE was down 38.93 points to 5,358.18 just after opening. The retreat follows the previous session's sharp banking-led rise, after HSBC kicked off the sector's reporting season with forecast-beating results. It drove the index to a near three-month high. Schroders was an early riser this morning ahead of the release of its first half results on Thursday. Its non-voting shares were up 5p, or 0.45%, to £11.10 per share just after opening. Over the weekend, Morgan Stanley reiterated its "overweight" stance on the blue chip fund manager, which it...
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