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Article: 'Could have been worse', City says to BA and RBS numbers [Edition 2]
- 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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INVESTORS were doing their best to look on the bright side today
after the combined losses from Royal Bank of Scotland (RBS) and
British Airways (BA) 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 6 1/4p at 198 1/4p -- making it the
best blue-chip performer -- while RBS, which this week was promised
a further Pounds 33.5 billion of taxpayers' money, put on 0.4p at
35.6p. RBS was the heaviest traded stock on the market with 120
million shares changing hands.
The best efforts of City investors lifted the FTSE 100 index
10.49 to 5136.13, but turnover levels were pitifully thin with ...