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Equity Market News 19th May 2012

Equity Org Headlines:

Essar Energy adds 3 percent in mostly lower London energy sector

Antofagasta leads miners higher in London

Hunting plc leads energy sector lower

Sports Direct International leads London retailers higher

Pace plc drops 40 percent on profits warning

Royal Bank of Scotland leads London banks lower

Royal Bank of Scotland leads banks, FTSE 100 higher in London

Lloyds Banking Group drops 8 percent on first-quarter loss

Lloyds shares down on PPI claims

Aquarius Platinum adds 7 percent amid mostly lower mining sector

13/07/05

Permalink 07:18:34 pm, Categories: Europe Eurofirst, Sectors, Banking, 90 words  

UK equities helped by banking stocks

The banking sector on Wednesday helped the FTSE 100 post a gain of 28.7 points to close at 5,245.9, while the FTSE 250 gained 4.5 points to 7,541.7 on a volume of 2.9 billion shares traded.

The gains in the banking sector came as Goldman Sachs touted the stocks to its clients for reasons ranging from good volume growth to high dividend yields. HBOS gained 1.9 percent to 891 p, while Northern Rock was up 1.3 percent to 823 ½p.

In addition, Royal Bank of Scotland gained 1.2 percent to £17.38, HSBC was up 1.5 percent to 911 ½p, and Barclays added 1.3 percent to 571p.

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