Tuesday, June 22, 2010

FTSE 100 flat-lines despite RBS boost

By Rachel Cooper Published: 12:32PM GMT twenty-five February 2010

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Royal Bank Of Scotland Group

Lloyds Banking Group

Hays

British American Tobacco

Capita Group

GKN

RBS was wearing the yellow jersey, gaining some-more than 6pc around midday, after the waste narrowed last year following a record-breaking �24bn loss in 2008.

The bank, that is 84pc state-owned, posted a loss of �3.6bn somewhat less than the �5bn the marketplace had been expecting. Lloyds was close at the behind of RBS, up around 3pc, as expectation mounts over the full-year formula tomorrow.

FTSE 100 miners dug in to a hole whilst RBS flies high RBS defends �1.3bn in bonuses notwithstanding loss RBS arch Hester says "worst" is at the behind of bank Opinion separate on Centricas clarity of journey Pound falls heavily opposite the dollar as seductiveness rate cut expectations feature FTSE 100 only notches eleventh day of gains

At the alternative finish of the table, British American Tobacco came underneath vigour after it voiced a clever set of results, but warned that stagnation competence adversely affect destiny performance. The builder of Lucky Strikes and Dunhill cigarettes forsaken behind around 42p at midday.

But the large-caps greatest crook was Capita after the outsourcing association reported a pointy dump in stipulate wins during the past year. The group, whose activities embody pciking up the radio looseness fee, slipped behind around 3pc at midday.

Among the second-liners, GKN , that creates tools of aeroplanes for Airbus and Boeing, was in stick position, gaining some-more than 7pc, after the increase kick expectations.

Rank appearance 6pc in sunrise trading, attack the top turn given 2007 after the bingo gymnasium and casino user reported increase forward of forecasts and pronounced it approaching to begin profitable dividends again.

Trailing the mid-caps was Hays , that sank some-more than 9pc at midday after the recruiter reported a thrust in increase as companies quell hiring.

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