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Article: FTSE reaches year high on back of bank profits; MARKET REPORT.
- Article from:
- The Birmingham Post (England)
- Article date:
- August 4, 2009
CopyrightCOPYRIGHT 2009 Birmingham Post & Mail Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The FTSE 100 Index roared to its highest close since last October yesterday as strong banking results and a renewed surge from mining stocks cheered investors.
Barclays and HSBC surged almost seven per cent and five per cent respectively after half-year surpluses of pounds 3 billion and pounds 2.8 billion.
Miners were buoyed by renewed economic recovery hopes, while positive construction and manufacturing data also put US markets on the front foot. The Footsie ...