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Article: City remains positive despite shockers from BA and RBS ; MARKET ROUND-UP
- Article from:
- The Evening Standard (London, England)
- Article date:
- November 6, 2009
- Author:
CopyrightCopyright 2009 Evening Standard - London. Provided by ProQuest LLC. (Hide copyright information)
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STOCK market investors were doing their best to look on the
bright side today after the combined losses from Royal Bank of
Scotland and British Airways reached Pounds 1.79 billion during the
first six months of the year.
Still, the outcome could have been a lot worse they chimed.
BA responded with a rise of 9p at 195 1/2p -- making it the best
blue chip performer -- while Royal Bank of Scotland, which this week
was promised a further Pounds 33.5 billion of taxpayers' money, put
on 0.4p at 35.6p.
Despite the best efforts of City investors, the FTSE 100 index
was still left nursing a loss of 0.71 at 5124.93. Dealers said
yesterday's strong finish had not been justified and that most fund ...